The Swiss National Bank will face protests on Friday over its action on climate change and its role in the emergency sale of Credit Suisse to UBS.
over the course of a chaotic weekend in March, as a flight of deposits and plummeting share price took the 167-year-old institution to the brink of collapse.
While the SNB will no doubt face questions and grievances from shareholders about the Credit Suisse situation on Friday, the country's network of climate activists will also be seeking to use the central bank's unwanted spotlight to challenge its investment policies. A shareholder walks past a giant inflate balloom during a protest by climate activists ahead of the general meeting of shareholders of UBS bank in Basel, on April 5, 2023, following the takeover by UBS of Credit Suisse hastily arranged by the Swiss government on March 19 to prevent a financial meltdown.
The group is calling for the SNB to dispose of its stock holdings of "companies that cause serious environmental damage and/or violate fundamental human rights," pointing to the central bank's own investment guidelines.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescueThe Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much power lies in the hands of its chairman Thomas Jordan and that more transparency is needed.
Les mer »
Office building credit crunch could hit wider U.S. economy, former Deutsche Bank property lender saysToby Cobb, former Deutsche Bank co-head of U.S. commercial real estate, thinks stress in the office sector could become more widespread and drag down the...
Les mer »
National parks overcrowded? Visit a national forest.For those willing to venture off the beaten path, national forests—often abutting and sometimes surrounding their national park cousins—offer similar scenery, with a fraction of the visitors
Les mer »
National Park Week: Spreading awareness about Saguaro National ParkThrough April 30th, the country celebrates the over 400 national parks by sharing stories of memorable park experiences.
Les mer »
First Republic Bank rout; unable to shake depositor anxietyFirst Republic Bank's stock slid Wednesday in an ongoing rout that has erased more than 50% of its value just this week on concerns about the bank’s financial health in the wake of two other bank collapses. Shares slumped nearly 20% following an even more severe tumble the previous day after it revealed depositors withdrew more than $100 billion last month after the collapse of Silicon Valley Bank and Signature Bank. Trading in the bank’s shares was halted several times Wednesday for volatility. The bank said late Monday that it was only able to stop the bleeding after a group of large banks stepped in to save it by depositing $30 billion in uninsured deposits.
Les mer »
First Republic shares continue their free fall amid mounting worriesFirst Republic Bank's shares are sliding in pre-market trading after shedding half their value on Tuesday amid fears the regional firm could become the third bank to fail following the collapse of Silicon Valley Bank and Signature Bank.
Les mer »