Swiss banker will not quit over trading allegations

Switzerland’s embattled top central banker yesterday vowed to fight “with all means” accusations of wrongdoing centred on a currency trade made by his wife three weeks before he imposed a cap on the rising Swiss franc.

Swiss National Bank chairman Philipp Hildebrand said he had no plans to quit – despite conceding that he had not been “totally surprised” when he saw his wife had spent 400,000 Swiss francs (about £270,000) buying US dollars last August.