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Philipp M. Hildebrand

Swiss prosecutor opens probe into ex-SNB chairman Hildebrand

Switzerland's state prosecutor opened an investigation into former Swiss National Bank (SNB) Chairman Philipp Hildebrand in connection with possible violations of secrecy laws, after receiving an undisclosed complaint.Hildebrand's current employer, fund management firm BlackRock Inc , said he rejected the allegations."Mr Hildebrand absolutely rejects any allegations of wrongdoing and is providing the Attorney General with whatever assistance is necessary to resolve this matter," BlackRock spokesman Marc Bubeck said in an emailed statement on Thursday.The allegations related to a period prior to Hildebrand's joining BlackRock, Bubeck said."(It) involves a complaint regarding violation of Federal secrecy law brought by a private person in July 2012."Bubeck said Hildebrand, who has moved to London since resigning from the SNB last year, was not available to comment further on the matter.The Swiss prosecutor's office confirmed in an email it had opened an investigation following a complain...

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  1. Swiss Parliamentary Committees To Start Hildebrand Affair Probe

    The control committees of Switzerland's upper and lower house of parliament Friday said they will launch an investigation into the currency deal affair of former Swi...

  2. SNB Danthine: Bank To Continue To Enforce Minimum CHF/EUR Rate

    The Swiss National Bank (SNBN.EB) will continue to enforce the minimum rate of CHF1.20 to which it allows the euro to fall with utmost determination, Jean-Pierre Dan...

  3. Swiss SNB Will Defend CHF1.20 Floor Versus Euro

    The Swiss National Bank will defend the 1.20 Swiss francs per euro floor for as long as it deems necessary and the resignation of president Philipp Hildebrand earlie...

  4. Swiss SNB Jordan Plans To Keep, Defend CHF1.20 Floor Vs Euro

    The Swiss National bank plans to keep the CHF1.20 floor against the euro for as long as it is necessary and will defend it with utmost determination, the central ban...

  5. Euro Hovers Around 17-Month Low Against Dollar

    The euro held near a 17-month low against the dollar and hit a 11-year low versus the yen on Monday on concern a Standard & Poor's downgrade of euro zone states and ...

  6. Swiss Central Bank Chief Resigns

    Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by h...

  7. Swiss Central Bank Chief Won't Resign Over Trades

    Swiss National Bank President Philipp Hildebrand on Thursday denied any wrongdoing and said he had no plans to resign amid a contoversy over currency trades made by ...

  8. Germany, France back SNB chief to lead FSB: report

    German Chancellor Angela Merkel and French President Nicolas Sarkozy are backing the candidacy of the head of Switzerland's central bank to lead the Financial Stabil...

  9. Canada's Carney ready for FSB regulator limelight

    By Louise EganAs a young hockey player with dreams of making it big, Mark Carney liked to get revved up before a big game by listening to AC/DC's "Hell's Bells."The ...

  10. SNB's Hildebrand says will enforce franc cap

    WASHINGTON (Reuters) - Swiss National Bank Chairman Philipp Hildebrand said on Saturday he would do all that is necessary to maintain a ceiling on the Swiss franc, b...

  11. SNB to boost franc supply to counter currency's surge

    ZURICH (Reuters) - The Swiss National Bank said on Wednesday it would significantly boost Swiss franc supply in coming days and conduct swap transactions to counter ...

  12. SNB cuts rates to counter steep Swiss franc rise

    By Katie Reid and Martin DesapintoZURICH (Reuters) - The Swiss National Bank cut its interest rate target band on Wednesday in a surprise move to stem the rapid rise...

  1. Jordan Confirmed As Chief Of Swiss Central Bank

    The Swiss government on Wednesday appointed Thomas Jordan to serve as chairman of the Swiss National Bank. The move was widely expected. Jordan, who has been a membe...

  2. Swiss SNB Council Concludes Search For Board Member - Report

    The council that recommends candidates for the Swiss National Bank's board of policy-making directors has concluded its search for a third board member and is likely...

  3. Swiss Government Sees No Need For Fundamental Change Of SNB Oversight

    The Swiss government Friday backed an independent legal review of the supervision of the Swiss National Bank that showed that the current supervisory framework is ad...

  4. SNB's Board Cleared Of Insider Trading Breaches

    A probe by consultancy KPMG into the private financial transactions of key Swiss National Bank directors found no evidence of wrongdoing, helping put to rest a curre...

  5. Audit Finds No Transaction Violations By SNB Board

    The Swiss National Bank on Wednesday said an audit of activities by members of its governing board and their families found no violations of the central bank's guide...

  6. SNB Council President Raggenbass Won't Stand For Re-Election

    The Swiss National Bank Friday said that the bank council president Hansueli Raggenbass won't stand for re-election. Raggenbass has been under some pressure to resig...

  7. Don't Doubt SNB On Swiss Franc Ceiling: Jordan

    Traders shouldn't doubt the resolve of the Swiss National Bank to maintain a ceiling on the value of the franc currency versus the euro, Thomas Jordan, the central b...

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