Economics
Swiss National Bank May Have to Sell Some of Its $100 Billion in U.S. Stocks
- Poll shows voters back ban on investments in weapons firms
- SNB has stakes in Raytheon, Boeing in its stock portfolio
This article is for subscribers only.
The Swiss National Bank could be forced to sell a chunk of its more than $100 billion U.S. stock portfolio as part of a campaign to ban it from investing in defense companies.
A poll by gfs.bern for public broadcaster SRG on Friday showed 54% of voters in favor of the proposal, which goes to a national vote on Nov. 29.