‘Too Big to Fail’ risk acceptable at largest Swiss cantonal bank: Largest Swiss cantonal bank meets orderly liquidation standards.
swissinfo.ch/eng/banking-fintech/too-big-to-fail-risk-acceptable-at-largest-swiss-cantonal-bank/74348925
SNB Says Review of UBS Capital Needed After Credit Suisse Takeover: Swiss regulators should re-examine the capital requirements placed on UBS Group AG in the ...
bloomberg.com/news/articles/2024-03-19/snb-says-review-of-ubs-capital-needed-due-to-increased-scale
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Swiss financial regulator plans to stress-test UBS this year: Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two ...
reuters.com/business/finance/swiss-financial-regulator-plans-stress-test-ubs-this-year-2024-03-20/
UBS looks to keep, grow shipping loans in post-merger green overhaul: UBS will look to increase lending to the shipping sector and run off some loans to fossil ...
reut.rs/3IVtDOR
A year on from Credit Suisse's rescue, banks remain vulnerable
reuters.com/markets/europe/year-credit-suisses-rescue-banks-remain-vulnerable-2024-03-15/
Swiss lower house backs plan to claw back pay from rescued banks: Switzerland's lower house of parliament late on Wednesday clearly passed a motion to make ...
reuters.com/world/europe/swiss-lower-house-backs-plan-claw-back-pay-rescued-banks-2024-03-14/
Quick Glance: Swiss Lower House Approves Recovery Plan for Pay from Rescued Banks
- Switzerland's lower house of parliament unanimously passed a motion requiring senior management of a major bank to return half of their income from the previous decade if the bank has to be rescued with public funds.
- The motion, still to be debated in the upper house, was adopted a year after Switzerland provided billions of dollars in emergency liquidity for ailing Swiss bank Credit Suisse before it was acquired by UBS.
- According to the motion, top managers of a systemically relevant bank rescued by the government should reimburse 50% of their regular pay and bonuses from the past 10 years.
- The motion, introduced by a politician from the right-wing Swiss People's Party (SVP), specifically mentioned the 2023 Credit Suisse case and the 2008 rescue of UBS during the global financial crisis.
Switzerland Today: Swiss media outlets and financial analysts reflect on the demise of Credit Suisse one year after the UBS takeover announcement.
swissinfo.ch/eng/swiss-abroad/switzerland-today/73909702
UBS's rescue of Credit Suisse has created new risks for Switzerland, OECD says: UBS's rescue takeover of Credit Suisse a year ago has created "new risks and ...
reuters.com/markets/deals/ubss-rescue-credit-suisse-has-created-new-risks-switzerland-oecd-says-2024-03-14/
Banks: Swiss central bank apparently wants to make it easier for banks to access liquidity
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-schweizer-notenbank-will-offenbar-banken-zugang-zu-liquiditaet-erleichtern/100025315.html
Credit Suisse: Why the bank collapsed like a house of cards: Finma contributed to CS becoming a kind of pyramid scheme. And Ueli Maurer also played a role in the ...
tagesanzeiger.ch/credit-suisse-warum-die-bank-wie-ein-kartenhaus-zusammenbrach-758172774935
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Banks: Financial market regulator plans two stress tests at UBS in 2024: The Swiss financial market regulator Finma wants to take a closer look at the major bank ...
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-finanzmarktaufsicht-plant-bei-ubs-2024-zwei-stresstests/100025940.html
Credit Suisse carcass feeds many hungry mouths: The beasts of the investment banking jungle have feasted on Credit Suisse’s carcass. In the year since the Swiss ...
reuters.com/breakingviews/credit-suisse-carcass-feeds-many-hungry-mouths-2024-03-15/
Monetary policy turnaround: Swiss central bank rushes forward with interest rate cuts
faz.net/aktuell/wirtschaft/leitzinssenkung-durch-die-schweizerische-nationalbank-19601902.html
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
SLO Food: After the CS bankruptcy - the next banking crisis is definitely coming: What kind of financial center do we want? Those who are liable also want ...
bzbasel.ch/basel/baselland/slo-food-nach-der-cs-pleite-die-naechste-bankenkrise-kommt-bestimmt-ld.2598609
Netherlands Floats Ending AT1s After Credit Suisse Upheaval: The Dutch government has floated the idea of abolishing a risky type of bank bonds after the asset ...
bloomberg.com/news/articles/2024-03-20/dutch-ministry-studies-at1-abolition-after-credit-suisse-shock
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News for the canton of Solothurn on Wednesday, March 20, 2024: Here you will find an overview of all the important news and the best articles for today.
solothurnerzeitung.ch/solothurn/kanton-solothurn/start-in-den-tag-kopie-von-auf-einen-blick-das-ist-im-kanton-solothurn-heute-freitag-wichtig-ld.2596512
SNB Says Banks Need Better Liquidity, Loss Absorption Plans: The Credit Suisse crisis showed that Swiss banks need to plan better for emergency situations in ...
bloomberg.com/news/articles/2024-03-21/snb-says-banks-need-better-liquidity-loss-absorption-plans
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SpiceJet clears all outstanding dues: Credit Suisse tells Supreme Court: Credit Suisse and SpiceJet have been entangled in a legal conflict since 2015 over ...
business-standard.com/companies/news/spicejet-clears-all-outstanding-dues-credit-suisse-tells-supreme-court-124032200959_1.html
Ex-Credit Suisse, UBS US Client Indicted for Hiding $20 Million From IRS: A Brazilian-American businessman was indicted in Florida for allegedly using Credit ...
bloomberg.com/news/articles/2024-03-21/ex-credit-suisse-client-indicted-over-hiding-money-from-irs
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Comment: A dangerous banking monster has emerged in Switzerland: A year ago, the Swiss UBS took over Credit Suisse, perhaps preventing a new financial crisis ...
sueddeutsche.de/wirtschaft/schweiz-banken-ubs-credit-suisse-1.6468812
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UBS takes over Credit Suisse: now too big to fail?: The Federal Council will soon present its proposals for future UBS regulation. The stay of a major global ...
nzz.ch/wirtschaft/ubs-uebernimmt-credit-suisse-jetzt-erst-recht-too-big-zu-fail-ld.1822393
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Credit Suisse client in tax dodge case gets $15-million bail: A Brazilian-American businessman charged with dodging US taxes for decades using accounts at Swiss ...
dailymaverick.co.za/article/2024-03-13-credit-suisse-client-in-tax-dodge-case-gets-15-million-bail/
Ex-Credit Suisse CEO Signals He’ll Run for Ivory Coast President: Former Credit Suisse Chief Executive Officer Tidjane Thiam signaled his intention to run for ...
bloomberg.com/news/articles/2024-03-11/ex-credit-suisse-ceo-signals-he-ll-run-for-ivory-coast-president
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Prosecutors Say Credit Suisse Client Dan Rotta Allegedly Cheated IRS for Decades: US prosecutors used a court hearing Tuesday to describe the measures an ...
bloomberg.com/news/articles/2024-03-12/two-passports-fake-names-irs-says-credit-suisse-client-cheated
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US regional banks, the weakest link a year after the fall of Silicon Valley Bank: Concerns have shifted to exposure to commercial real estate credit ...
english.elpais.com/economy-and-business/2024-03-11/us-regional-banks-the-weakest-link-a-year-after-the-fall-of-silicon-valley-bank.html
Aymo Brunetti: “Switzerland doesn’t need a big bank”: One year after the CS debacle, it is clear to economics professor Aymo Brunetti: A UBS bankruptcy would ...
derbund.ch/aymo-brunetti-die-schweiz-braucht-keine-grossbank-503286583639
Swiss National Bank: Central banker with a broad cross wanted: Thomas Jordan led the Swiss central bank with a sure hand through a crisis-ridden period and ...
faz.net/aktuell/wirtschaft/schweizer-notenbank-unter-druck-19560637.html
Switzerland's competition commission has reportedly called for an in-depth investigation into UBS's dominant position since its rescue of Credit Suisse last ... Show more
Credit Suisse: Did Finma and SNB lie?: UBS claims it did not acquire Credit Suisse at a bargain price. Now their lawyers are revealing that CS no longer met ...
tagesanzeiger.ch/credit-suisse-haben-finma-und-snb-gelogen-275807592342
Is the US headed for another banking crisis? : A major scheme to prop up the US banking system is ending, while a second may be winding down.
scroll.in/article/1064441/is-the-us-headed-for-another-banking-crisis
Ueli Maurer sticks to his criticism of the Corona policy: The former SVP Federal Councilor had to endure a lot of criticism because of his provocative statements ...
nzz.ch/schweiz/ueli-maurer-bekraeftigt-seine-kritik-an-der-corona-politik-wer-eine-kritische-frage-stellte-wurde-aussortiert-indem-man-ihn-als-verschwoerer-oder-als-rechtsextremer-brandmarkte-ld.1777334
Quick Glance: Ueli Maurer Criticizes Corona Hysteria
- Maurer warns against excessive fear of the coronavirus
- The former federal councilor emphasizes the need for rational measures
- Maurer calls for a balanced and rational approach to the pandemic
Banks: Insider: Swiss Competition Commission recommends investigation into UBS market position
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-insider-schweizer-weko-empfiehlt-untersuchung-der-ubs-marktposition/100019561.html
One year after the crisis, Federal Councilor Karin Keller-Sutter explains how she experienced events surrounding Credit Suisse - and why the bank was saved ... Show more
Dispute in the Advisory Council: Scientists should disclose conflicts of interest
faz.net/aktuell/wirtschaft/streit-im-sachverstaendigenrat-wissenschaftler-sollten-interessenkonflikte-offenlegen-19568237.html
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Banking expert on Maurer's statements: "The current banking regulation is only good on paper."
tagesanzeiger.ch/bankenexperte-zu-maurers-aussagen-die-aktuelle-banken-regulierung-ist-nur-auf-dem-papier-gut-949035942050
Former Swiss finance minister defends role in Credit Suisse collapse: A temporary nationalisation was never a realistic option for embattled Swiss lender Credit ...
reut.rs/484yG9K
UBS chief Sergio Ermotti hits out at Europe’s ‘parochial’ view of banks: Regulations stopping lenders growing allows US rivals to dominate, says CEO overseeing ...
ft.com/content/966b433e-def8-46b5-98f3-8a9e35e69341
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Exclusive: Two key UBS investors worry about bank's size, regulatory friction: UBS (UBSG.S) is forging ahead with its integration of Credit Suisse but two key ...
reuters.com/markets/europe/two-key-ubs-investors-worry-about-banks-size-regulatory-friction-2024-01-29/
Swiss financial regulator says it will focus 'very strongly' on UBS -report: Switzerland's financial market regulator will focus "very strongly" on UBS (UBSG ...
reuters.com/business/finance/swiss-financial-regulator-says-it-will-focus-very-strongly-ubs-report-2024-02-02/
Sunday press: CS decision, UN relief organization and AHV pension: In an interview, Ueli Maurer retrospectively justified his decision not to intervene with CS ...
luzernerzeitung.ch/schweiz/sonntagspresse-ueli-mauer-verteidigt-cs-entscheid-neue-vorwuerfe-gegen-uno-hilfswerk-und-sogar-bundesraete-wuerden-von-der-13-ahv-rente-profitieren-ld.2575233
CX Daily: China Intensifies Efforts to Curb Risk in Troubled Trust Sector - mailchi.mp/caixin/cx-daily-june-9-asias-ruined-run-of-pandemic-success-279324
Kenya: Govt to Start Health Insurance Deductions On Salaried Employees in July 2024
allafrica.com/stories/202402270299.html
Investigation into the UBS-CS takeover: PUK wants to submit report by the end of the year
solothurnerzeitung.ch/news-service/inland-schweiz/parlament-untersuchung-zur-ubs-cs-uebernahme-puk-will-bericht-bis-ende-jahr-vorlegen-ld.2583748
Swiss financial watchdog boosts supervision of mega bank UBS: Around 60 people at FINMA are now directly or indirectly responsible for the supervision of ...
swissinfo.ch/eng/business/swiss-financial-watchdog-boosts-supervision-of-mega-bank-ubs/49144646
UBS to Restart Buybacks After Progress on Credit Suisse Integration: UBS said it will resume share buybacks in 2024 after it reported a net loss for the fourth ...
wsj.com/business/earnings/ubs-swings-to-net-loss-restarts-buybacks-7c826349
Quick Glance: Record Profit for UBS from Credit Suisse Acquisition
- UBS achieved a record profit of $29 billion in 2023 from acquiring Credit Suisse.
- The book gain from the emergency acquisition of Credit Suisse was a major driver for this record profit.
- The total dividend for 2023 is set to increase by 27% to $0.70 per share.
- UBS plans buybacks of up to one billion dollars in the current year.
New Finma director Stefan Walter: A suitable candidate for a tough job: The financial market supervisory authority shows this to its doubters ...
nzz.ch/meinung/neuer-finma-direktor-stefan-walter-passender-kandidat-fuer-knochenjob-ld.1775692
European M&A: This Neat UBS Trick Could Kickstart Bank Deals: More flexibility in assaying assets could remove an impediment to industry consolidation.
bloomberg.com/opinion/articles/2024-01-22/european-m-a-this-neat-ubs-trick-could-kickstart-bank-deals
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Oxfam study: The super-rich are getting richer: Poorer people suffer from global crises. The wealth of all billionaires, on the other hand ...
faz.net/aktuell/wirtschaft/arm-und-reich/oxfam-studie-die-superreichen-werden-immer-reicher-19447057.html
Swiss finance minister on banking regulation: ‘We must act’: The Swiss government intends to submit proposals to parliament in the spring.
swissinfo.ch/eng/business/swiss-finance-minister-on-banking-regulation---we-must-act-/49087416
The year 2023 is coming to an end. Many things have shaken us - the end of Credit Suisse, the war in Ukraine, the earthquake in Turkey and Syria ... Show more
Top Swiss regulator open to idea of bankers paying back bonuses: The president of the Financial Market Supervisory Authority says a bonus clawback scheme is “on ...
swissinfo.ch/eng/business/top-swiss-regulator-open-to-idea-of-bankers-paying-back-bonuses/49094192
Hits and misses: Lex truest on Credit Suisse, without credit on Truist: At the start of the year, the Swiss bank’s financial strength appeared the better of the ...
on.ft.com/48rYdLn
Switzerland Today: The economic outlook for 2024, and a peek inside the Swiss government's “Aladdin’s Cave”.
swissinfo.ch/eng/briefing/switzerland-today/49087992
UBS Seeks to Sell Loans Credit Suisse Gave to Junk Italian Firms: UBS Group AG is planning to sell its exposure to a portfolio of loans that Credit Suisse made ...
bloomberg.com/news/articles/2023-12-19/ubs-seeks-to-sell-loans-credit-suisse-gave-to-junk-italian-firms
Activist investor Cevian invests in Swiss bank UBS: Activist investor Cevian has acquired a 1.3% stake in the Swiss bank UBS.
swissinfo.ch/eng/business/activist-investor-cevian-invests-in-swiss-bank-ubs/49070758
Quick Glance: UBS: New Major Shareholder Cevian Sees UBS Stock at 50 Francs
- UBS gains uncomfortable major shareholder Cevian
- Swedish investor Cevian invests in UBS
- Cevian supports UBS President Kelleher's ambitions
- Kelleher and UBS openly express ambitions in the US market
Ex-Credit Suisse CEO elected to lead Ivory Coast's PDCI opposition party
reuters.com/world/africa/ex-credit-suisse-ceo-elected-lead-ivory-coasts-pdci-opposition-party-2023-12-23/
UBS CEO tells paper he's not convinced inflation is under control: The chief executive of Swiss banking giant UBS (UBSG.S), Sergio Ermotti, is not convinced ...
reuters.com/markets/us/ubs-ceo-tells-paper-hes-not-convinced-inflation-is-under-control-2023-12-17/
Financial Times: Karin Keller-Sutter is one of the most influential women of 2023
nzz.ch/schweiz/die-financial-times-kuert-karin-keller-sutter-zu-einer-der-einflussreichsten-frauen-2023-ld.1768405
AT1 Bond Market Bounces Back from Credit Suisse Implosion: Demand for risky bank debt is booming again only months after Credit Suisse imploded
bloomberg.com/news/articles/2023-11-29/at1-bond-market-bounces-back-from-credit-suisse-implosion
Bank of England asks banks to report private credit exposure -sources: Britain's top financial regulator has asked banks active in the so-called private credit ...
reuters.com/world/uk/bank-england-asks-banks-report-private-credit-exposure-sources-2023-12-07/
Ex-Credit Suisse chief Thiam takes first step in campaign to lead Ivory Coast: Former Credit Suisse CEO Tidjane Thiam is taking his first major step into the ...
swissinfo.ch/eng/business/ex-credit-suisse-chief-thiam-takes-first-step-in-campaign-to-lead-ivory-coast/49061984
REVEALED: The four 'Swiss' words you really need to know in 2023: As it does each year, the Zurich University of Applied Sciences (ZHAW) released on Tuesday its ...
thelocal.ch/20231128/revealed-the-four-swiss-words-you-really-need-to-know-in-2023
UBS (UBS US) Chair Kelleher Sees Challenging 2024 After `Easy' Cuts Done: Next year will be one of the most difficult in the process of absorbing Credit ...
bloomberg.com/news/articles/2023-11-28/ubs-chair-sees-shares-revalued-after-credit-suisse-fusion-done
MAS imposes civil penalty on Credit Suisse for managers' misconduct: SINGAPORE — The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $3 ...
asiaone.com/money/mas-imposes-civil-penalty-credit-suisse-managers-misconduct
“Europe’s poorhouse”: Switzerland was repeatedly predicted to be relegated - it turned out completely differently - Zofinger Tagblatt
zofingertagblatt.ch/jahreswende-armenhaus-europas-der-schweiz-wurde-immer-wieder-der-abstieg-vorhergesagt-es-kam-komplett-anders/
Annual review from the editorial team: The wolf, a hug and a “pretty fuck-up” - our political moments 2023
tagesanzeiger.ch/jahresrueckblick-der-redaktion-der-wolf-eine-umarmung-und-ein-ziemlicher-fuck-up-unsere-politmomente-2023-152117527660
Best of 2023: Top stories of the year: Wars, scandals and a Swiss shining light: Our most read stories in 2023 are peppered with emotions, crises ...
luzernerzeitung.ch/news-service/vermischtes-people/best-of-die-12-top-stories-des-jahres-das-hat-die-schweiz-bewegt-ld.2558208
Financial regulator: Singapore fines Credit Suisse for managerial misconduct: Credit Suisse has received a million-dollar fine in Singapore. According to the ...
handelsblatt.com/finanzen/banken-versicherungen/banken/finanzaufsicht-singapur-brummt-credit-suisse-strafe-wegen-manager-fehlverhalten-auf/100004465.html
Bank rescue package: Swiss government encounters resistance: The Federal Council wants to introduce a state liquidity guarantee for banks. However ...
swissinfo.ch/eng/business/bank-rescue-package--swiss-government-encounters-resistance/49031728
Swiss financial regulator calls for tougher powers after Credit Suisse collapse: Finma report says it ‘exhausted its options’ in regulating scandal-plagued bank
ft.com/content/d1e1d9ab-6b81-4f24-b276-8da2badd5617
Lessons from the CS debacle: Finma should become more efficient and transparent: Finma enforcement process, too big to fail, big bank regime and resolution ...
nzz.ch/meinung/lehren-aus-dem-cs-debakel-die-finma-sollte-effizienter-und-transparenter-werden-ld.1771230
Who Is Antoine Martin At The SNB?: When the Swiss National Bank poached Antoine Martin from the Federal Reserve, it didn’t only get an experienced economist ...
bloomberg.com/news/articles/2023-12-20/snb-s-new-policy-maker-brings-bank-insights-fed-experience
Ex-Credit Suisse chief Thiam eyes Ivory Coast 2025 presidential race: The former chief executive of Credit Suisse, Tidjane Thiam, on Friday submitted his ...
reuters.com/world/africa/ex-credit-suisse-chief-thiam-eyes-ivory-coast-2025-presidential-race-2023-11-17/
Switzerland Today: Good COP? Bad COP? Plus the Swiss Words of the Year.
swissinfo.ch/eng/briefing/switzerland-today/49013284
Healthcare costs cause Swiss greatest concern: Health and health insurance are the Swiss population’s biggest concerns, according to the Credit Suisse Worry ...
swissinfo.ch/eng/business/healthcare-costs-cause-swiss-greatest-concern/48998696
The former Credit Suisse boss wants to be proclaimed President of Ivory Coast in 2025. But the area code was postponed: brnw.ch/21wFoZB
UBS CEO Ermotti Urges More Banker Accountability After Credit Suisse: UBS Group AG Chief Executive Officer Sergio Ermotti said Switzerland should have broader ...
bloomberg.com/news/articles/2023-11-23/ermotti-urges-more-executive-accountability-after-credit-suisse
Banks should slow deposit withdrawals, prepare better collateral to evade crises - SNB
reuters.com/business/finance/banks-should-slow-deposit-withdrawals-prepare-better-collateral-evade-crises-snb-2023-11-09/
What do you think about corporate funding for university teaching and research?: Is it right for banks to fund the academic chairs that will train the economists ...
swissinfo.ch/eng/what-do-you-think-about-corporate-funding-for-university-teaching-and-research-/48964976
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