The Swiss banking chief caught up in a political storm over allegations his wife shorted the Swiss franc just days before intervention from the central bank, has given a statement defending the transacations.
Philipp Hildebrand finally broke his silence on Thursday after mounting calls for him to quit over the scandal, arguing he was unaware of the transactions carried out by his wife, and adding no legal breaches had occurred. Hildebrand said transactions carried out by his wife in August - when $500,000 was purchased for 400,000 Swiss francs in total - had been investigated fully by the Swiss Federal Audit Office, with no "inadmissible transactions" carried out and no "misuse of privileged information' taking place. He added: "I want to say this perfectly clearly: I am not aware of any l...
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