Bank Sarasin terminates employee for violating client confidentiality

4 January 2012 | 1 minute read

Bank Sarasin has terminated one of its employees for illegally passing bank data to an external third party concerning currency transactions by the family of Philipp Hildebrand, chairman of the Swiss National Bank. The employee admitted his criminal misconduct to the bank. The employee, who worked in IT support, said that he disclosed documents relating to the transactions to a…

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