SWISS FINANCE

LIKE, SAY, BANKING FOR CHOCOLATE?

In the heady world of international business, so many interests seem to overlap. PAUL VOLCKER, a former chairman of the Federal Reserve who serves on a variety of high-powered boards, is a paid director of Nestle, Switzerland's largest company. Nothing odd there, except that other Nestle directors include the bosses of Switzerland's three largest banks, and these are among the banks Volcker is charged with investigating as head of a committee of "eminent persons" looking into Switzerland's role during World War II. Why are questions about Volcker's Nestle position being raised now? Perhaps because in a recent letter to a federal...

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