Investigation into governing board could delay Swiss governor selection

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Thomas Jordan, the acting chair of the Swiss National Bank (SNB), may have to wait until an investigation into the bank transactions of the extended governing board is complete before a final decision is reached concerning Philipp Hildebrand's permanent replacement.

The Swiss authorities have embarked on the process to find a permanent replacement for Hildebrand, who stepped down as governor of the SNB on Monday. His departure came after it was revealed his wife had profited from a US dollar

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