{
}
Poinz has been recognized as the best credit card with a bonus system, surpassing major competitors. UBS's Mastercard Platinum topped the annual fee category, while Poinz excelled in no annual fee and loyalty programs. Cornèrcard Gold was voted best for international use, and Aargauische Kantonalbank led in prepaid cards.
Switzerland's financial regulator, FINMA, will regularly review its oversight of UBS as part of a strategy to enhance banking sector regulations following the Credit Suisse collapse. The regulator aims to strengthen supervision and ensure that systemically important banks can be restructured without threatening financial stability. New proposals for increased powers for FINMA are expected to be announced in 2025, alongside findings from a parliamentary report on the Credit Suisse crisis.
The Swiss Financial Supervisory Authority (FINMA) will enhance its supervision of UBS as part of a broader regulatory overhaul aimed at strengthening the banking sector following the Credit Suisse collapse. FINMA plans to refine its supervisory approach to address the systemic risks posed by UBS and other major banks, with new regulatory proposals expected to be announced in early 2025. Additionally, UBS is required to improve its contingency and recovery plans to ensure financial stability and protect taxpayers.
The Swiss financial regulator FINMA will regularly review its supervision of UBS as part of a broader regulatory overhaul aimed at strengthening the banking sector. Following the collapse of Credit Suisse, proposals for tighter regulations are being developed, with an announcement on supervisory tools expected in early 2025. UBS and other systemically important banks must enhance their contingency plans to ensure stability and avoid risks to taxpayers.
The Zurich High Court has dismissed complaints against prosecutors in the ongoing case of former Raiffeisen boss Pierin Vincenz, ruling they were not biased despite the involvement of external experts in the indictment review. Vincenz and co-defendants can still appeal to the Federal Supreme Court, following a previous ruling that found serious flaws in the lengthy indictment. The case revolves around allegations that the accused secretly invested in companies, profiting from Raiffeisen Group"s subsequent acquisitions.
Moody's has upgraded the Raiffeisen Group's long-term deposit rating to "Aa2" from "Aa3," reflecting improved capital quality and financial strength. The outlook for long-term deposit ratings is now stable, while the outlook for bond ratings remains positive, supported by the bank's diversification into corporate loans and wealth management activities.
Moody"s has upgraded the Raiffeisen Group"s long-term deposit rating to "Aa2" from "Aa3" and raised its long-term unsecured debt rating to A2 from A3, reflecting improved capital quality and financial strength. The outlook for long-term deposit ratings is now "stable," while bond ratings maintain a positive outlook. The upgrade highlights the Group"s efforts to diversify income sources, reducing reliance on mortgage income and enhancing stability against potential interest rate declines in Switzerland.
Moody's has upgraded the Raiffeisen Group's long-term deposit rating to "Aa2" from "Aa3," reflecting improved capital quality and financial strength. The outlook for long-term deposit ratings is now stable, while bond ratings maintain a positive outlook, supported by the bank's diversification into corporate loans and wealth management activities.
The Credit Suisse crisis has sparked intense debate over regulatory reforms for UBS and the Swiss banking sector, with the Bankers Association arguing that proposed capital requirements and supervisory powers are excessive. While acknowledging the need for action, the association emphasizes that a credible emergency regime is essential to reduce reliance on state guarantees. The government plans to introduce a state liquidity guarantee for systemically important banks, but banks resist paying advance insurance premiums, complicating the legislative process.
Raiffeisen Group
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Poinz named best credit card as UBS leads annual fee rankings
Swisscard AG
Viseca Card Services AG
UBS AG
American Express Company
neon AG
Credit Suisse Anlagestiftung
Cornèrbank Ticino
Aargauische Kantonalbank
Raiffeisen Group
CHE
Show more
10:19 14.11.2024
Swiss regulator to enhance oversight of UBS amid banking reforms
United States Dollar
PostFinance AG
Zürcher Kantonalbank
Credit Suisse Anlagestiftung
UBS AG
Raiffeisen Group
CHE
Show more
14:40 13.11.2024
finma to enhance supervision of ubS amid banking sector reforms
United States Dollar
PostFinance AG
Zürcher Kantonalbank
Credit Suisse Anlagestiftung
UBS AG
Raiffeisen Group
CHE
Show more
14:31 13.11.2024
Swiss regulator to enhance supervision of UBS amid banking reforms
PostFinance AG
Zürcher Kantonalbank
Credit Suisse Anlagestiftung
UBS AG
Raiffeisen Group
CHE
Show more
14:31 13.11.2024
Vincenz case sees court reject bias claims against prosecutors amid ongoing appeals
21:17 08.11.2024
moody's upgrades raiffeisen group credit rating reflecting improved financial strength
15:28 07.11.2024
moody"s upgrades raiffeisen group credit rating amid improved financial strength
14:42 07.11.2024
moody's upgrades raiffeisen group credit rating reflecting strong capital quality
13:40 07.11.2024
banks push back against federal council's regulatory reforms after credit suisse crisis
Swiss Franc
United States Dollar
UBS AG
Zürcher Kantonalbank
PostFinance AG
Raiffeisen Group
Credit Suisse Anlagestiftung
CHE
Hansueli Schöchli
Roman Studer
Show more
15:22 24.10.2024
Trending
Subcategory
Industry Trends
Corporate News
Startups & Entrepreneurship
Global Trade Developments
Retail and Consumer Goods
Supply Chain Management
Stock Market Updates
Government Economic Policies
Private Equity Deals
Industry Mergers & Acquisitions
AI Innovations
Fintech Startups
Funding Rounds & Investments
Energy Sector Developments
Venture Capital Investments
AI Applications
Emerging Startups
IPOs & SPACs
Global Trade Policies
Banking Regulations
Countries:
Companies:
Apple Inc.
Google Inc.
NVIDIA Corp
Tesmec S.p.A.
Amazon.com, Inc.
The Goldman Sachs Group, Inc.
Mastercard Inc
SWIGGY LIMITED
Tesla, Inc.
Ripple USD USD
Microsoft Corp
Visa Inc.
Micron Technology, Inc.
SAP SE
Ather Energy Ltd.
GLOE Inc.
Microsoft Corporation
Alphabet Inc.
Wise plc
Walmart Inc.
Currencies:
United States Dollar
Indian Rupee
Chinese Yuan
Euro
Japanese Yen
Saudi Riyal
British Pound Sterling
United Arab Emirates Dirham
New Zealand Dollar
Thai Baht
Vietnamese Đồng
Canadian Dollar
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Brazilian Real
Swiss Franc
Qatari Riyal
Bangladeshi Taka
Kuwaiti Dinar
People: