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Friday, January 06, 2012

SNB Chief Denies Wrongdoing Over Deals


(ZURICH) — The Swiss National Bank chief denied any wrongdoing Thursday and said he had no plans to resign over private currency deals that produced hefty profits for his family.
Breaking his silence to counter a national uproar, Philipp Hildebrand said had acted according to the central bank's internal rules in the U.S. dollar swaps, which came as he was spearheading efforts to lower the value of the Swiss franc.


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