{
CHE

Country

}
Copper Technologies withdraws UK crypto license application amid regulatory challenges
Copper Technologies, backed by Barclays, has withdrawn its application for a UK crypto license due to regulatory challenges, opting to focus on international markets under new CEO Amar Kuchinad. The firm is prioritizing growth in Switzerland, Hong Kong, and Abu Dhabi, where regulatory frameworks are more favorable. This decision follows the FCA's report indicating a high rejection rate for crypto firms, with 87% of applications facing withdrawal or rejection.
Coinchapter
Barclays PLC HKG ARE CHE GBR Philip Hammond Amar Kuchinad Show more
Regulatory & Legal, News Article
00:02 21.12.2024
ubs shares decline as trading volume increases amid mixed financial outlook
UBS shares fell 1.6% to CHF 26.46 in early trading, marking a decline from a 52-week high of CHF 29.57 reached on October 30, 2024. The company reported a profit of CHF 0.39 per share for the quarter ending September 30, 2024, despite a slight year-on-year revenue drop to CHF 18.86 billion. Analysts anticipate a dividend increase to USD 0.819 for 2024.
finanzen.ch
Swiss Franc United States Dollar CHE Carsten Spohr
Finance & Economy, Market Report
23:35 20.12.2024
credit suisse collapse attributed to years of mismanagement and bank run
A report from Swiss MPs attributes the collapse of Credit Suisse to "years of mismanagement," highlighting a bank run that saw both wealthy clients and ordinary customers withdraw funds. The bank, which had over 50,000 employees globally, was ultimately rescued by UBS with support from the Swiss government. While the report criticized regulators and the government, it placed the primary blame on the bank's management.
This is Money
United States Dollar Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, News Article
22:50 20.12.2024
political debate intensifies over banking regulations after credit suisse report
The PUK report on Credit Suisse's downfall has sparked a political debate in Switzerland over the need for stricter banking regulations versus reliance on responsible management. While left-wing parties advocate for tighter rules, particularly regarding UBS's influence in politics, right-wing factions blame regulatory failures on FINMA. The Federal Council is expected to propose new legislation incorporating the report's findings.
Tages-Anzeiger
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Samuel Bendahan Gerhard Pfister
Finance & Economy, News Article
22:14 20.12.2024
parliamentary inquiry finds credit suisse crisis was self inflicted and preventable
The Parliamentary Commission of Inquiry into the Credit Suisse crisis concluded that the situation was self-inflicted, while acknowledging that a global financial crisis was averted in 2023. Finance Minister Karin Keller-Sutter supports the PUK's recommendations for improved banking regulation but rejects calls to restrict capital and liquidity requirements. Political parties are divided on how to address the supervisory authority Finma, with some advocating for its strengthening and others calling for accountability for its past actions.
Schweizer Radio und Fernsehen (SRF)
Credit Suisse Real Estate Fund Siat CHE Thomas Aeschi Isabelle Chassot Karin Keller-Sutter Cédric Wermuth Show more
Finance & Economy, News Article
21:40 20.12.2024
credit suisse inquiry highlights management failures and need for regulatory cooperation
The Parliamentary Commission of Inquiry's report highlights inadequate management and insufficient regulatory oversight as key issues leading to Credit Suisse's troubles, emphasizing that the root cause was a lack of confidence in its leadership rather than systemic failure. It calls for effective cooperation among financial authorities and warns against overregulation, stressing the importance of maintaining a competitive banking environment for Switzerland's economy. The report also points out unequal treatment between Credit Suisse and UBS regarding regulatory measures.
economiesuisse
United States Dollar Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, Market Report
21:16 20.12.2024
calls for criminal prosecution of credit suisse management after bankruptcy report
Natalia Ferrara, vice president of the Swiss Bank Employees Association, has called for the criminal prosecution of Credit Suisse's top management following a report on the bank's bankruptcy. She criticized the Federal Financial Market Supervisory Authority (Finma) for failing to fulfill its supervisory role, suggesting that its concessions since 2017 obscured the bank's instability. Ferrara also demanded the resignation of Finma's president, emphasizing the need for accountability in light of the mismanagement.
TicinoNews
Credit Suisse Real Estate Fund Siat CHE Natalia Ferrara
Regulatory & Legal, News Article
20:40 20.12.2024
parliamentary inquiry finds shortcomings in federal management of credit suisse collapse
A parliamentary commission of inquiry has concluded that while there was no wrongdoing by authorities regarding the management of the Credit Suisse collapse, there were significant shortcomings at multiple levels. The investigation spanned 18 months and resulted in a comprehensive 565-page report.
laRegione
Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, News Article
20:02 20.12.2024
swiss economy faces challenges amid real estate turmoil and corporate struggles
Switzerland faces challenges as families receive eviction notices amid rising real estate speculation, raising concerns about social stability. While the economy shows some resilience compared to the EU, major Swiss companies like Roche and Nestlé struggle with poor management decisions, impacting investor confidence. The promise of a prosperous decade seems overshadowed by the realities faced by many employees and smaller investors.
insideparadeplatz.ch
Swiss Franc Hapag-Lloyd AG Nestlé S.A. Hoffmann-La Roche AG Novartis AG UBS Group AG Kühne + Nagel International AG Deutsche Lufthansa AG ISR CHE DNK RUS USA DEU CHN POL Klaus-Michael Kühne Peter Brabeck-Letmathe Mark Haefele Sergio Ermotti Elon Musk Paul Bulcke Show more
Finance & Economy, Market Report
19:56 20.12.2024
parliamentary inquiry reveals failures in credit suisse emergency merger oversight
The parliamentary commission of inquiry (PUK) into the emergency merger of Credit Suisse with UBS has highlighted significant failings by authorities. Isabelle Chassot, Chair of the commission, noted that this PUK has investigated more agencies than any of its four predecessors, underscoring the depth of the inquiry.
Neue Zürcher Zeitung
Credit Suisse Real Estate Fund Siat CHE Isabelle Chassot
Finance & Economy, News Article
19:46 20.12.2024
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