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Swiss National Bank May Have to Sell Some of Its $100 Billion in U.S. Stocks

Swiss National Bank May Have to Sell Some of Its $100 Billion in U.S. Stocks

9:30 AM IST, 23 Oct 20209:30 AM IST, 23 Oct 2020Save(Bloomberg) -- 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. 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.Such an outcome would forbid the...

October 23, 2020
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