Bureau Chief, Zurich
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Mar 11, 2012

Pressure mounts on SNB’s Danthine over forex trade

ZURICH (Reuters) – Swiss National Bank board member Jean-Pierre Danthine faced growing criticism on Sunday, over transactions uncovered by an audit launched after central bank chief Philipp Hildebrand was forced to quit after a big currency trade by his wife.

Christoph Blocher, a senior figure in the right-wing Swiss People’s Party who led calls in January for Hildebrand’s head, told Der Sonntag newspaper Danthine might have to go too.

Mar 7, 2012
Mar 3, 2012
Feb 29, 2012
Feb 29, 2012
Feb 29, 2012
Feb 23, 2012
Feb 23, 2012

Unsettled Sarasin sees more client outflows in 2012

BASEL, Switzerland, Feb 23 (Reuters) – Swiss private
bank Sarasin, rattled by uncertainty over its ownership
and a data leak on the account of the former central bank head,
expects clients to withdraw more assets this year as it seeks to
make sure all their accounts are taxed.

Sarasin said clients withdrew a net 2.4 billion Swiss francs
($2.63 billion) in the second half of 2011 as assets under
management slipped 6.7 percent in 2011 to 96.4 billion francs,
mainly due to sluggish market performance.

Feb 22, 2012
Feb 22, 2012
    • About Emma

      "I lead Reuters coverage out of Switzerland, managing teams of journalists and visuals staff in Zurich, Geneva and Bern. I have been in this job since 2008 and was previously chief correspondent in the Netherlands. Before that, I had reporter postings in Germany and South Africa, mainly covering politics and economics. I joined Reuters in 1995."
      Joined Reuters:
      1995
      Languages:
      English, German, Dutch, Spanish, French
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