{
CHE

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credit suisse donations to political parties cease after ubS takeover
UBS has decided to discontinue the political donations previously made by Credit Suisse, which amounted to one million francs annually, leaving parties like the SVP and PLR facing significant financial losses. In 2023, Credit Suisse contributed 450,000 francs before its takeover, while UBS has increased its own donations to 750,000 francs but does not plan to replace the lost contributions. This shift is particularly challenging for bourgeois parties that rely heavily on such donations, especially in an election year.
watson.ch/fr
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE Simeon Marty Christoph Bernet Anny Klawa-Morf Show more
TradFi, News Article
18:48 15.10.2024
Assenagon strengthens Swiss sales team with new director appointment
Assenagon has expanded its sales team with the appointment of Marc Fankhauser as Sales Director in Zurich, effective October 1, 2024. Fankhauser, who specializes in advising German-speaking clients, brings extensive experience from Evooq and Vontobel, along with a Chartered Alternative Investment Analyst (CAIA) qualification. He is the fifth sales hire this year, reflecting the company's growth and increased demand for client support in a competitive market.
finews.com
Evooq SA Assenagon GmbH Vontobel Holding AG DEU CHE Marc Fankhauser Matthias Kunze Show more
Finance & Economy, Press Release
18:47 15.10.2024
Swiss regulator directs UBS to enhance emergency preparedness plans
Swiss regulators have mandated UBS to enhance its emergency preparedness plans. This directive aims to ensure the bank is better equipped to handle potential crises, reflecting ongoing concerns about financial stability in the sector.
reuters.com
Swiss Franc UBS SA CHE
TradFi, News Article
18:33 15.10.2024
finma suspends assessment of ubs emergency plans amid credit suisse integration
UBS will not receive grades from the Swiss Financial Market Supervisory Authority (Finma) for its stabilization and emergency plans for 2024, as the authority has canceled the annual assessment. This decision comes amid UBS's ongoing integration of Credit Suisse, a process expected to continue until 2026. No new date for the assessment has been announced.
Finanz und Wirtschaft
Credit Suisse Anlagestiftung UBS SA CHE
TradFi, News Article
18:10 15.10.2024
finma demands ubS to enhance crisis management and emergency planning
FINMA is mandating UBS to revise its emergency plan to enhance crisis preparedness and ensure financial stability without relying on taxpayer funds. The authority emphasizes the need for more crisis management options and a robust resolution strategy, especially following the Credit Suisse crisis, as UBS integrates CS and faces new challenges.
Blick
United States Dollar Credit Suisse Anlagestiftung UBS SA CHE Colm Kelleher
TradFi, News Article
18:01 15.10.2024
ubs faces pressure to enhance emergency plans after credit suisse crisis
UBS is required to enhance its emergency and stabilization plans following the integration of Credit Suisse, as determined by the Swiss Financial Market Supervisory Authority (FINMA). The current strategy, which focuses solely on reorganization, must be expanded to include options for potential insolvency and the ability to sell parts of the bank without risking systemic stability. New regulations are anticipated, but parliamentary discussions will await the investigation report on the Credit Suisse crisis, expected by year-end.
FAZ.NET
United States Dollar Credit Suisse Anlagestiftung UBS SA CHE Stefan Walter Joe Biden
TradFi, News Article
17:32 15.10.2024
swiss trial for lawyer linked to cum-ex scandal set for december
German lawyer Eckart Seith, a whistleblower in the cum-ex scandal, is set to stand trial in Switzerland on December 9 for economic espionage and violations of the Banking Act. He is accused of obtaining and sharing internal documents from Bank J. Safra Sarasin with German authorities, amid ongoing tensions between Germany's tax evasion efforts and Swiss banking secrecy. Seith's case is linked to a lawsuit by billionaire Erwin Müller against the bank, which involved controversial dividend-splitting transactions that led to significant tax losses across Europe.
Corriere del Ticino
Euro J. Safra Sarasin Holding AG Sheridan fund Müller 1 UG CHE LUX DEU Eckart Seith Erwin Müller Show more
TradFi, News Article
16:44 15.10.2024
ubs ag maintains buy rating for mtu aero engines with target price increase
UBS AG has maintained a "Buy" rating for MTU Aero Engines, setting a target price of 320 euros following a positive forecast adjustment and strong Q3 results that surpassed market expectations in both new and spare parts business as well as commercial maintenance. On the day of the analysis, MTU shares rose by 5.2% to EUR 304.80, indicating a growth potential of 4.99% relative to the target price, with a notable 57.4% increase in share price throughout 2024. The quarterly results for Q3 2024 are anticipated on October 24, 2024.
finanzen.net
Euro MTU Aero Engines AG CHE DEU Kseniia Maslova
TradFi, Market Report
16:38 15.10.2024
ubs to enhance crisis plans after credit suisse takeover lessons
UBS is set to revise its emergency and stabilization plans following a directive from Switzerland's banking regulator, Finma, which emphasized the need for enhanced crisis preparedness after the Credit Suisse takeover. Finma has suspended the annual assessment of these plans for 2024, citing lessons learned from the rapid deposit withdrawals during the crisis. Despite concerns over UBS's increased market dominance post-merger, Finma concluded that the union does not hinder competition in any market segment.
La Tribune
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE
TradFi, News Article
16:36 15.10.2024
warren coughlin recognized in forbes top next-gen wealth advisor list
Warren Coughlin, a Private Wealth Advisor at UBS in Los Angeles, has been recognized in the Forbes Top Next-Gen Best-in-State Wealth Advisor list for 2024, marking his third consecutive inclusion. He leads Presidio Partners, a team specializing in serving tech founders and entrepreneurs, and has advised numerous clients through significant liquidity events. UBS, a global wealth manager, now oversees $5.7 trillion in assets following its acquisition of Credit Suisse.
@YahooFinance
United States Dollar UBS SA CHE USA Lauren Gorsche Charles Korasick Robert Gach Warren Coughlin Jonathan Schechter Show more
TradFi, Press Release
16:00 15.10.2024
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