SNB Braces for Shareholder Wrath as Jordan Weathers Critique

Thomas Jordan has endured rebukes from currency traders, business leaders and international investors. Now the Swiss National Bank president faces a tongue lashing from his own shareholders.

While Swiss reactions to the central bank’s abandonment of its cap on the franc have generally been benign, the move that roiled currency markets is likely to dominate its annual general meeting of more than 250 investors on Friday. The SNB’s independent status means any complaints won’t affect monetary policy, though they may still fuel criticism of it.