UBS will relocate its Brugg branch to Hauptstrasse 1 on January 13, 2025, consolidating around 180 employees from various units. The move follows the acquisition of Credit Suisse, with plans for a shared space between UBS and the city administration after the transition. Meanwhile, the former UBS location at Bahnhofstrasse 11 is being marketed for new tenants.
The Bank Staff Association is demanding the resignation of Finma President Marlene Amstad ahead of the PUK report on Credit Suisse's collapse, criticizing supervisory authorities for failing to intervene earlier. They call for new accountability measures for top bank management and urge UBS to uphold Swiss values post-takeover. The anticipated PUK report is expected to scrutinize Finma's role in the bank's downfall.
Tomorrow, the Swiss Federal Parliament will address two pivotal issues: the Parliamentary Investigation Committee's report on the Credit Suisse-UBS merger and the Federal Council's updates on EU negotiations. The findings on Credit Suisse's collapse could lead to significant regulatory changes, while new bilateral agreements with the EU aim to reshape trade and research relations, with key topics including immigration and financial contributions. The outcomes will have lasting implications for Switzerland's political landscape and its relationship with the EU.
The Swiss Bank Employees Association (ASIB) is demanding the resignation of FINMA chairwoman Marlene Amstad ahead of the Parliamentary Commission of Inquiry's report on the Credit Suisse bankruptcy. They criticize the government's inaction and call for accountability from top management, emphasizing the need for stronger supervisory tools and personal responsibility in the banking sector. The ICC report on Credit Suisse's collapse and its acquisition by UBS is set to be released tomorrow.
The UBS staff association is calling for the resignation of FINMA President Marlene Amstad, criticizing the Federal Council for its inaction as UBS faced significant challenges. They demand accountability for allowing Credit Suisse to operate with insufficient equity capital, risking thousands of jobs. UBS shares have dropped 2.66% to 27.08 francs amid these developments, with a report on Credit Suisse's downfall expected from the Parliamentary Commission of Inquiry.
The Swiss Bank Employees Association is demanding accountability from FINMA and the Federal Council ahead of the PUK's report on Credit Suisse's downfall. They criticize the supervisory authorities for allowing risky practices and call for the resignation of FINMA Chairwoman Marlene Amstad, emphasizing the need for personal liability among top bank management. The association also urges for enhanced regulatory measures and a commitment from UBS to uphold responsible HR policies amidst job cuts.
The Swiss Bank Employees Association is demanding accountability from FINMA and the Federal Council ahead of the PUK's report on Credit Suisse's collapse. They criticize the supervisory authorities for allowing risky practices and call for the resignation of FINMA Chairwoman Marlene Amstad, emphasizing the need for personal liability among top bank executives. Additionally, they urge UBS to uphold responsible HR policies and collaborate on tightening regulations to protect the banking sector.
The Swiss Bank Employees Association is demanding the resignation of FINMA President Marlene Amstad following the PUK report on Credit Suisse's collapse. They criticize the Federal Council for inaction and question why supervisory authorities allowed the bank to operate with insufficient equity capital, risking thousands of jobs. A report from the Parliamentary Commission of Inquiry is set to be released soon.
The Swiss Bank Employees Association is demanding the resignation of FINMA President Marlene Amstad following the PUK report on Credit Suisse's downfall. They criticize the Federal Council for its inaction and question why supervisory authorities allowed the bank to operate with insufficient equity capital, putting thousands of jobs at risk. A report from the Parliamentary Commission of Inquiry is set to be released soon.
The Swiss Bank Employees Association is demanding the resignation of FINMA President Marlene Amstad following the PUK report on Credit Suisse's collapse. They criticize the supervisory authorities for allowing the bank to operate with insufficient equity and call for clearer responsibilities and personal liability for top management. The association emphasizes the need for stronger regulatory instruments and accountability to prevent a repeat of such failures.
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