UBS
UBS weighs its future as Switzerland debates tougher bank rules
UBS faces the prospect of holding an additional $16 billion in capital after the Council of States backed tougher post-Credit Suisse rules.
3 days ago · 1 source
business
Verdict in Swiss banker Pierin Vincenz appeal set for January
The Zurich High Court is due to announce its verdict in January in the case of former Raiffeisen chief executive Pierin Vincenz, who is appealing a 2022 conviction for fraud.
SWI swissinfo.ch
Julius Bär
Julius Bär announces CHF600 million share buyback after Signa probe
Julius Bär plans to repurchase up to CHF600 million of its shares after FINMA concluded its investigation into the Signa affair.
SWI swissinfo.ch
UBS
UBS shareholder calls for bank to leave Switzerland
A major UBS shareholder is urging the bank to leave Switzerland, arguing that proposed capital requirements make the country an unattractive base.
SWI swissinfo.ch
Switzerland
Major UBS Shareholder Calls on Bank to Leave Switzerland
UBS shareholder Artisan Partners is urging the bank to leave Switzerland, citing tougher capital requirements and an increasingly unattractive domestic environment. 8% stake, UBS’s response and what the dispute reveals about the future of Switzerland as a global banking base.
SWI swissinfo.ch
Julius Bär
FINMA has concluded a compliance procedure against Julius Bär over Signa-related lending and a money-laundering case, imposing CHF250 million in additional capital requirements and restrictions on shareholder distributions.
SWI swissinfo.ch
Revolut
Revolut has applied for a Swiss banking licence as it seeks to expand its position in a market where it already has 1. 3 million customers. Approval would bring the fintech under Switzerland’s domestic banking framework and intensify competition for established institutions.
Le News
UBS
The Swiss Senate has voted to require UBS to back 90% of its foreign holdings with common equity tier-one capital. The measure would substantially increase the bank’s capital buffer and intensify the parliamentary debate over Switzerland’s too-big-to-fail rules.
SWI swissinfo.ch · +1 more
UBS
UBS will pay €5 million to settle a Dutch criminal investigation inherited from Credit Suisse over allegedly incorrect tax returns involving former clients. The settlement does not constitute an admission of criminal liability.
SWI swissinfo.ch
Revolut
Revolut has applied for a Swiss banking licence after building a customer base of 1. 3 million in the country.
SWI swissinfo.ch · +1 more
UBS
The Senate has postponed its decision on stricter capital requirements for UBS’s foreign subsidiaries. The dispute pits the government’s financial-stability concerns against UBS’s warning that it could need roughly CHF18 billion in additional core capital.
SWI swissinfo.ch
banking
The conviction of former Swiss Bankers Association president Pierre Mirabaud over an CHF82 million bribery scheme brings renewed scrutiny to Switzerland’s role in international finance.
SWI swissinfo.ch
corruption
Pierre Mirabaud, former president of the Swiss Bankers Association, has received a suspended two-year prison sentence for bribing foreign public officials and money laundering. The case involved benefits allegedly linked to the investment of Kuwaiti public funds and raises fresh questions about compliance in Swiss finance.
SWI swissinfo.ch
banking
Job advertisements at Switzerland’s ten leading banks fell 10% in August and are roughly one-third below their level three years ago. The contraction offers a snapshot of how restructuring, automation and weaker hiring are changing the country’s financial-sector labour market.
SWI swissinfo.ch
banking
Switzerland’s banks now manage more than CHF10 trillion in client assets, underscoring the strength of the country’s wealth-management sector.
SWI swissinfo.ch
Swiss fintech
Visa and Mastercard are joining the Swiss Payinit platform to let customers send international transfers through their existing banking apps using a mobile number or email address.
SWI swissinfo.ch
economy
In a stark warning, UBS chief executive Sergio Ermotti has stated that Europe's economy will continue to fall behind the US and Asia due to excessive bureaucracy and a lack of innovation, predicting that only a profound crisis will force political action.
SWI swissinfo.ch
finance
To prevent a future banking crisis, the Swiss government has approved new regulations requiring systemically important banks like UBS to significantly increase the capital held against their foreign subsidiaries.
SWI swissinfo.ch
business
Swiss banking giant UBS has achieved a key milestone by obtaining a national banking license from US authorities. This will allow the bank to expand its services for wealthy clients in the US, offering more everyday banking products and strengthening its long-term commitment to the American market.
The Local Switzerland · +1 more
finance
Thousands of Swiss investors face uncertainty as fund trading suspension enters fifth month, highlighting regulatory concerns in CHF1. 6 trillion industry.
SWI swissinfo.ch
