Swiss central bank chief resigns over wife's currency trades

[ via LA Times ] 9 Jan

After days of saying he wouldn’t, the chairman of Switzerland’s central bank abruptly resigned Monday, brought low by a swirling controversy over foreign-exchange transactions that made tens of thousands of dollars for him and his wife.

The decision followed weeks of criticism that his integrity had been badly compromised by currency trades made by his wife, Kashya, who took advantage of central bank policies to earn a hefty profit.

Read more: LA Times

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Posted in: Business, Currency, Trade