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Leonteq's Annual General Meeting approved a significant dividend increase to CHF 3 per share, driven by major shareholder Raiffeisen, despite opposition from the Board of Directors. However, a proposed share buyback program by businessman Rainer-Marc Frey was rejected. The meeting highlighted ongoing tensions between the company and its investors, particularly following regulatory sanctions and dissatisfaction with executive remuneration proposals.
UBS is navigating regulatory pressures following its takeover of Credit Suisse, proposing to limit its investment division and strengthen its capital base to avoid stricter regulations that could hinder growth. The bank aims to balance compliance with maintaining its competitive edge, while discussions on capital requirements continue, with a government estimate expected in May. Lobbying efforts are intensifying, though some officials suggest a more moderate regulatory approach is likely.
UBS plans to downsize its investment bank to mitigate regulatory pressures following its acquisition of Credit Suisse. The bank aims to limit its investment banking activities to about 30% of total operations and is considering raising $5 billion in capital, though this is less than regulatory demands. UBS is also exploring potential relocation options while affirming its commitment to remain in Switzerland.
UBS plans to downsize its investment bank to mitigate regulatory pressures following its acquisition of Credit Suisse. The bank aims to limit its investment banking activities to about 30% of total operations and is considering raising $5 billion in capital, though this is less than regulatory demands. UBS is also exploring potential relocation options while affirming its commitment to remain in Switzerland.
Alfonso Tuor critiques proposed political regulations for UBS, arguing that increasing equity could harm profitability and lead to riskier management decisions. He emphasizes that the failure of Credit Suisse was due to poor management and regulatory oversight, not merely a lack of equity. Tuor also believes that while current rules are adequate, they were not enforced effectively, and he opposes salary caps for bank executives, asserting that financial dominance makes such measures impractical.
UBS will continue its political donations after the National Council rejected a motion to ban contributions from public and systemically important companies. The Socialist Party criticized corporate influence on politics, highlighting that systemically important banks donated over one million francs in 2023. Justice Minister Beat Jans deemed the motion premature, citing new transparency rules for political financing that came into effect in October 2022, with a report from the Federal Council expected by year-end.
The National Council has adopted all CS-PUK motions following the Council of States' approval, commending the Parliamentary Commission of Inquiry's report on the Credit Suisse/UBS merger. The PUK's four motions aim to limit capital and liquidity requirement relaxations for systemically important banks and enhance Finma's enforcement powers. With both chambers in agreement, the implementation of these motions is now binding for the national government.
The National Council has adopted all banking PUK proposals following the Council of States, commending the Parliamentary Commission of Inquiry's report on the Credit Suisse/UBS merger. The PUK's four motions aim to ease capital and liquidity requirements for systemically important banks and enhance Finma's enforcement powers. With both parliamentary chambers in agreement, the Federal Council will now implement these motions.
The National Council has adopted all banking PUK proposals, following the Council of States' approval, praising the Parliamentary Commission of Inquiry's report on the Credit Suisse/UBS merger. The PUK's four motions aim to ease capital and liquidity requirements for systemically important banks and enhance Finma's enforcement powers. With both chambers in agreement, the Federal Council will now implement these motions.
Zuger KB has pioneered cryptocurrency trading among Swiss cantonal banks, prompting others to follow suit amid rising customer demand. The integration of crypto services into traditional banking platforms is facilitated by partnerships with specialized firms like Sygnum, allowing access to a range of cryptocurrencies. While the adoption of crypto offerings is growing, traditional banks remain cautious, balancing regulatory concerns and customer preferences.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
raiffeisen secures dividend increase at leonteq amid shareholder tensions
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FinMan Gestion",
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ubs navigates regulatory challenges after credit suisse takeover to maintain growth
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18:24 26.03.2025
UBS plans investment bank downsizing to navigate regulatory challenges and capital needs
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UBS plans investment bank downsizing to navigate regulatory challenges after Credit Suisse acquisition
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FinMan Gestion",
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12:29 26.03.2025
political pressure on banks raises concerns over equity and management effectiveness
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08:50 22.03.2025
ubs continues political donations as national council rejects ban motion
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FinMan Gestion",
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09:56 19.03.2025
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swiss banks embrace cryptocurrency offerings amid growing customer demand
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