{
CHE

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ubs faces appeal trial for money laundering linked to bulgarian mafia
An appeal trial regarding money laundering linked to the Bulgarian mafia commenced at the Federal Criminal Court in Bellinzona, with UBS now facing charges after the conviction of Credit Suisse. The court previously ordered Credit Suisse to pay a fine of 2 million francs and 19 million in compensation for aiding Evelin Banev's criminal network. UBS has sought to suspend the appeal process, arguing that the demise of Credit Suisse should absolve it of responsibility, a claim rejected by the Court of Appeals.
rsi
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE Evelin Banev
TradFi, News Article
09:00 01.10.2024
banking executive discusses challenges and compensation in the financial sector
UBS emphasizes its low-risk profile and robust wealth management focus, asserting a credible liquidation and restructuring plan is in place. CEO Sergio Ermotti's controversial salary reflects the challenges of attracting top talent in banking, while concerns over Credit Suisse's management and regulatory oversight highlight systemic issues in the industry. The introduction of a Public Liquidity Backstop is deemed essential for enhancing Switzerland's banking stability.
Blick
Swiss Re AG Credit Suisse Anlagestiftung Morgan Stanley UBS SA CHE ITA IRL Reza Rafi Colm Kelleher Karin Keller-Sutter Sergio Ermotti Show more
TradFi, Transcript
09:00 01.10.2024
ubs takes over credit suisse in appeal of money laundering trial
UBS has taken over Credit Suisse's role in the appeal against a CHF 2 million judgment related to the "Bulgarian Connection" money laundering trial, which began at the Federal Criminal Court in Bellinzona. The proceedings were marked by UBS's preliminary requests to suspend and close the case. Credit Suisse had previously appealed the initial ruling in late 2023, alongside two other defendants and the Swiss Federal Prosecutor's Office.
@letemps
Swiss Franc Credit Suisse Anlagestiftung Julius Bär Gruppe AG UBS SA CHE Evelin Banev Show more
TradFi, News Article
09:00 01.10.2024
ubs faces trial for money laundering following credit suisse takeover
UBS is currently on trial for aggravated money laundering at the Swiss Federal Criminal Court, following its takeover of Credit Suisse. This marks a rare public trial for a major Swiss bank, with UBS facing a potential fine of up to CHF 5 million and compensatory claims totaling CHF 41 million linked to illicit gains from the Bulgarian mafia. The court rejected UBS's attempt to dismiss the proceedings, emphasizing that the merger did not extinguish Credit Suisse's legal liabilities.
rts.ch
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE Evelin Banev Katia Villard
TradFi, News Article
09:00 01.10.2024
new snb president highlights high geopolitical risks and subdued growth outlook
Martin Schlegel, the newly appointed president of the Swiss National Bank, addressed high geopolitical risks during his first speech in Bellinzona. He indicated that the bank anticipates subdued economic growth, projecting a GDP increase of only 1 percent for the year, which is below the long-term average. The visit to Ticino was met with pride from local officials, highlighting the significance of his new role.
TVS tvsvizzera.it
United States Dollar Swiss National Bank CHE Martin Schlegel Christian Vitta
TradFi, News Article
09:00 01.10.2024
efg international recruits client advisors from banque havilland amid liquidation news
EFG International has expanded its team by recruiting four client advisors from Banque Havilland, following the latter's unexpected decision to cease operations in Liechtenstein and Switzerland. The new hires, including Metin Emer, Matthias Delvavier, Daniel Gunsch, and Raphaela Dietsche, will report to EFG Bank von Ernst's CEO, Tobias Wehrli. Despite the recruitment, it remains uncertain if an asset deal will occur, as EFG International has not commented on the matter.
finews.com
Swiss Franc Banque Havilland SA EFG International CHE LUX LIE Metin Emer Raphaela Dietsche Daniel Gunsch Matthias Delvavier Show more
TradFi, News Article
09:00 01.10.2024
executive board member petra kalt departs from zgkb bank
Petra Kalt, the former Head of Wealth Management at ZGKB, is leaving the bank by mutual agreement and at her own request. She has been with ZGKB since 2009, joining the Executive Board in 2013 and leading the Wealth Management department since 2015. No successor has been announced.
finanzen.ch
Swiss Franc ZGKB CHE Petra Kalt
TradFi, News Article
09:00 01.10.2024
Petra Kalt departs Zuger Kantonalbank after years of leadership and service
Petra Kalt is leaving Zuger Kantonalbank, where she served as Head of Wealth Management and was a member of the Executive Board. After joining in 2009, she held various leadership roles, significantly contributing to the bank's income growth. Kalt expressed gratitude for her time at the bank but did not disclose her future plans.
Tippinpoint.ch
Swiss Franc Zuger Kantonalbank CHE Petra Kalt
TradFi, Press Release
09:00 01.10.2024
petra kalt departs zuger kantonalbank after significant contributions to wealth management
Petra Kalt, a member of the Executive Board and Head of Wealth Management at Zuger Kantonalbank, is leaving the bank to pursue new opportunities. Her departure, effective by mutual agreement, follows 15 years in various management roles, including the establishment of the bank's Wealth Management division. The bank has not disclosed information regarding her successor.
finews.ch
Zuger Kantonalbank CHE Petra Kalt
TradFi, News Article
09:00 01.10.2024
new snb president highlights high geopolitical risks and subdued growth outlook
Martin Schlegel, the newly appointed president of the Swiss National Bank (SNB), highlighted significant geopolitical risks during his first public appearance in Ticino. He projected subdued economic growth, estimating a GDP increase of just 1 percent for the year, which falls below the long-term average. The visit was met with pride from local officials, including Christian Vitta, head of the Ticino Department of Finance and Economy.
blue News
United States Dollar Swiss National Bank CHE Martin Schlegel Christian Vitta
TradFi, News Article
09:00 01.10.2024
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