{
CHE

Country

}
credit suisse crisis highlights flaws in regulatory framework and political oversight
The Credit Suisse debacle highlights the inadequacies of the "too big to fail" law, revealing a significant capital problem exacerbated by regulatory fatigue and political influence from the banking lobby. Despite expert warnings and evaluations, the lack of effective oversight allowed systemic risks to persist, culminating in a crisis that questioned Switzerland's capacity to manage large international banks. The PUK's findings underscore the complexities of regulatory frameworks and the need for substantial reform to ensure financial stability.
Zofinger Tagblatt
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Severin Bigler Aymo Brunetti
Finance & Economy, News Article
11:34 21.12.2024
reforming financial oversight after credit suisse crisis calls for stronger governance
The PUK report on Credit Suisse's downfall presents thirty proposals aimed at enhancing financial supervision and addressing the "too big to fail" issue, emphasizing the need for better coordination among authorities. While the Federal Council acknowledges most recommendations, it rejects a key proposal for stricter residency requirements for board members, citing existing corporate governance regulations. The report highlights the ineffectiveness of FINMA's interventions and raises concerns about the regulatory capture of financial authorities.
Die Weltwoche
United States Dollar Credit Suisse Real Estate Fund Siat CHE Thorsten Hensel
Regulatory & Legal, News Article
11:01 21.12.2024
investigation reveals failures leading to credit suisse takeover by ubs
The Parliamentary Commission of Inquiry (PUK) has concluded that the collapse of Credit Suisse was primarily due to the bank's leadership failures, while also highlighting mistakes made by authorities in crisis management. The report, presented by Council of States member Isabelle Chassot, indicates that UBS's takeover of CS was inevitable from the beginning.
Zofinger Tagblatt
Credit Suisse Real Estate Fund Siat CHE Isabelle Chassot Peter Klaunzer
Finance & Economy, News Article
08:51 21.12.2024
health insurance subsidies surge in vaud as credit suisse merger scrutinized
Soaring health insurance subsidies in the canton of Vaud have sparked debate, with state subsidies rising 51.6% to CHF 803.7 million from 2016 to 2023. The 2024 budget estimates partial subsidies at CHF 435.8 million, alongside a CHF 50 million credit request to the Finance Commission.In related news, a parliamentary commission of inquiry has highlighted five key points regarding the management of the emergency merger between Credit Suisse and UBS, which occurred on March 19, 2023.
agefi.com
Swiss Franc Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, News Article
08:30 21.12.2024
Sandoz Group AG presents strong buying opportunity for investors now
Sandoz Group AG Sponsored ADR (SDZNY) is currently positioned as an attractive investment opportunity, suggesting it may be a prime candidate for those looking to "buy the bottom." Investors are encouraged to consider the potential for growth in this stock.
msn.com
Sandoz Group AG CHE
Finance & Economy, Market Report
08:16 21.12.2024
ubs orchestrates at1 bond wipeout in credit suisse takeover strategy
UBS played a pivotal role in the controversial write-off of $17 billion in Credit Suisse's AT1 bonds during its takeover negotiations, a move that significantly benefited UBS financially. Despite claims of ignorance from UBS Chairman Colm Kelleher, investigations reveal that UBS initiated the discussion on the bond wipe-out, which was crucial for the merger's success. This decision has led to global lawsuits from investors and potential financial repercussions for Swiss taxpayers.
insideparadeplatz.ch
United States Dollar FinMan Gestion", CS. Barthoulot-Coaching SNC USA CHE Karin Keller-Sutter Colm Kelleher Rolf Watter Thomas Jordan Dirk Schütze Daniela Stoffel Show more
Finance & Economy, Transcript
07:58 21.12.2024
ubs orchestrates at1 bond wipeout to secure cs takeover and massive profits
UBS's recent discussions revealed a pivotal strategy involving the write-off of $17 billion in Credit Suisse's AT1 bonds, a move that significantly influenced the merger's terms. This decision, initially kept secret, allowed UBS to secure extraordinary profits, contributing nearly $30 billion in 2023. The PUK report highlights that UBS's demands were crucial for the takeover's success, overshadowing the purchase price negotiations.
insideparadeplatz.ch
United States Dollar CS. Barthoulot-Coaching SNC CHE Colm Kelleher Dirk Schütze Matthew Jordan Karin Keller-Sutter Rolf Watter Show more
Finance & Economy, Market Report
07:58 21.12.2024
billionaires struggle to gather support against eu treaty in switzerland
Billionaires leading the anti-EU Compass initiative are struggling to gather enough signatures, with a focus on Switzerland's annual payment of 350 million to the EU despite a trade imbalance favoring Switzerland. The NZZ supports the treaty, highlighting vague protections for workers and warning that rejecting it could lead to unfavorable terms in future negotiations.
insideparadeplatz.ch
Euro Swiss Franc Axon Partners Group, S.A. CHE
Finance & Economy, News Article
07:47 21.12.2024
Swiss banking regulation faces scrutiny amid unresolved state guarantee concerns for UBS
The Federal Council has reaffirmed its rejection of a state guarantee for UBS, citing risks of competition distortion and the need for higher capital requirements. The PUK report highlights the unresolved issue of taxpayer protection and calls for stronger regulatory measures, including potential nationalization options for large banks. As Switzerland grapples with the implications of the Credit Suisse crisis, the future of banking regulation remains uncertain.
Neue Zürcher Zeitung
Credit Suisse Real Estate Fund Siat PostFinance Fonds 3 Zürcher Kantonalbank CHE Ueli Maurer Show more
Regulatory & Legal, News Article
06:30 21.12.2024
disagreement within snb over credit suisse nationalization versus sale
The Parliamentary Commission of Inquiry revealed a split within the Swiss National Bank (SNB) regarding the Credit Suisse (CS) crisis. While then-Chairman Thomas Jordan and Finance Minister Karin Keller-Sutter favored a UBS takeover, SNB Vice President Martin Schlegel advocated for nationalization, believing it would better ensure financial stability. Additionally, FINMA President Marlene Amstad preferred a restructuring of CS that would keep it under private ownership, but the UBS acquisition ultimately proceeded at a bargain price.
watson.ch
Euro United States Dollar Swiss Franc Credit Suisse Real Estate Fund Siat CHE Martin Schlegel Sergio Ermotti Marlene Amstad Karin Keller-Sutter Colm Kelleher Michael Schöll Thomas Jordan Ueli Maurer Show more
Finance & Economy, News Article
06:00 21.12.2024
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