Central Banks
SNB Faces Day of Discord With Venting on Climate, Credit Suisse
- Annual general meeting will probably feature activist protests
- Currency-reserve hoard makes SNB a target for campaigners
Outside the headquarters of the Swiss National Bank (SNB) in Bern, Switzerland.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Swiss National Bank officials can expect a day of protests and controversy this week as embittered shareholders vent on topics ranging from climate change to the fate of Credit Suisse Group AG.
While the national embarrassment of the forced takeover of Switzerland’s second-biggest bank remains a political hot potato, green activists may grab the most attention as they seek to influence how the central bank invests its 743 billion-franc ($833 billion) foreign-currency trove.