|Day's Range||674.00 - 697.50|
|52 Week Range||488.00 - 712.50|
|PE Ratio (TTM)||35.57|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||531.67|
Zurich prosecutors have dropped an investigation of former Swiss government member Christoph Blocher after failing to find evidence he played an illegal role in leaking confidential bank data, prosecutors said in a statement on Thursday. The case, dating to 2012, involved information on currency deals by the family of now-former Swiss National Bank Chairman Philipp Hildebrand that was leaked by a Sarasin employee to a lawyer with ties to Blocher's political party.
As a child growing up near the Swiss border with Germany in the early 1940s, Christoph Blocher remembers soldiers camping out in his family's garden, ready to defend the neutral nation against a surprise attack from the Nazis. The godfather of the right-wing Swiss People's Party (SVP), which has unnerved investors with plans to cut immigration and demote international law, says the experience instilled a fierce desire to shield Switzerland from external influences. "That sort of experience makes quite an impression on a four or five-year-old boy, and it paints a distinct picture of Switzerland's strengths," Blocher told Reuters in his modest office building overlooking a train station in Maennedorf, a lakeside village outside Zurich.