Switzerland aims to revive faith in banks

One of Switzerland's top priorities this year is to restore confidence in the country's financial industry following a series of setbacks that included the resignation of its central bank chief, the Swiss leader said yesterday. President Eveline Widmer-Schlumpf said the Cabinet was examining ways of tightening loopholes in its oversight of both the central bank and its directors' personal business transactions. Resignation Swiss National Bank chairman Philipp Hildebrand stepped down Monday amid a public furore over his family's private currency deals, which he maintained were legal under the bank's internal rules against insider trading.