Christoph Blocher News
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Swiss National Bank President Thomas Jordan says his best investment is the first drink he ever bought his wife.
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The Swiss People’s Party plans to file a motion in parliament calling for the Swiss central bank to be subjected to “disciplinary supervision” by the government or legislature, SonntagsZeitung reported, citing Deputy Chairman Christoph Blocher in an interview.
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Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency.
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The wife of Switzerland’s former central bank chief said the currency deal that cost her husband his job was “my idea” and apologized to the nation.
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The Swiss central bank returned to a profit in 2011 and said it will distribute money to regions, quelling criticism sparked by the previous year’s record loss.
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Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency.
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Swiss central bank President Thomas Jordan will tomorrow reaffirm his commitment to defend a franc ceiling that has survived a year of speculative attacks, scandal and political criticism.
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Swiss central bank President Philipp Hildebrand will tomorrow break his silence on currency trading by his wife after a U-turn by officials led to the release of an internal report on the transactions and rules governing them.
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As central bankers around the world try to serve populations and find consensus with fellow policy makers, the next president of the Swiss National Bank has yet another group to contend with: shareholders.
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The Swiss central bank may need to ready its “nuclear weapon” of buying euros as the franc heads for the biggest weekly advance on record against Europe’s single currency.
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