BIS forced to pay $390m shareholder compensation

Following a decision by the Arbitration Tribunal in the Hague, the Bank for International Settlements (BIS) will have to pay another $390m to compensate private shareholders whom the bank banned last year from holding shares.

In January 2001 the central bankers who hold all the voting rights at the so-called central bankers bank decided that the existence of private shareholders was incompatible with the bank's "public interest functions". The BIS argued that "the existence of a small number

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