Activists are demanding accountability for UBS, the largest bank in Switzerland, which successfully acquired Credit Suisse in 2023. This acquisition not only prevented a potential financial crisis but also resulted in significant profits and a surge in UBS's share prices.

The bank's reputation as a discreet asset manager remains strong, supported by its recent performance. Sergio Ermotti, UBS's CEO, has been named "Leader of the Year" in Switzerland for 2023, reflecting the bank's prominent position in the financial sector. His annual compensation of CHF 14.4 million makes him the highest-paid head of a major European bank, further emphasizing the institution's success and influence in the market.