Central Banking

Threat to bankers over BIS offer

Twelve central bankers have been threatened with legal action by a Paris-based shareholders' group unless they vote against terms offered by the Bank for International Settlements to buy back the 13.73% of its shares in private hands.

Deminor, a corporate governance consultancy that has been at the centre of several battles to defend shareholders' rights, says the SFr16,000 (£6,500) a share offered by the BIS is too low. It is representing some of the 6,000 institutional and individual shareh

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