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The Swiss financial sector is undergoing significant changes following the end of Credit Suisse as an independent bank and the transformation of UBS. An annual survey, now in its 14th edition, invites banking professionals and students to share their insights on the industry's future, with results to be published in June 2025. Participants have a chance to win a wine voucher worth 200 francs.
UBS shares rose 0.7% to CHF 27.06 at midday, contributing positively to the SMI, which is at 12,712 points. The stock's 52-week high is CHF 32.88, while the low is CHF 22.53. UBS reported earnings per share of CHF 0.21 for Q4 2024, down from CHF -0.38 the previous year, with revenues of CHF 17.80 billion, a 4.9% decline year-over-year.
The Swiss Financial Market Supervisory Authority (FINMA) is reorganizing to enhance its oversight capabilities following the Credit Suisse crisis. A new division for "Integrated Risk Expertise" will focus on in-depth supervision and on-site inspections, while the "Markets" and "Asset Management" divisions will merge to improve risk management. This restructuring aims to ensure more effective protection for financial market clients and the overall functioning of financial markets.
Romanshorn is set to undergo a CHF 35 million construction project on the Hubzelg site, featuring 88 rental apartments, commercial, and office spaces. The development aims to create a vibrant urban gateway with a central town square, starting construction in 2027 and completing by 2029/30.
Raiffeisenbank Untere Emme reported an annual profit of CHF 1.22 million for 2024, highlighting its stability amid global uncertainties. Loans rose by 7.2% to CHF 776.7 million, while customer deposits increased by 1.7% to CHF 867.7 million, reflecting strong customer confidence. The bank's focus on personalized advice and effective risk management contributed to these positive results.
In 2024, UBS CEO Sergio Ermotti topped the list of Europe's highest-paid bankers with earnings of €15.6 million, followed by UniCredit's Andrea Orcel at €13.2 million, marking a 32% increase. Deutsche Bank's Christian Sewing rounded out the top three with €9.8 million. The surge in salaries is attributed to significant bank profits and rising stock prices.
UBS shares rose by 1.5% to CHF 27.27 in early trading, outperforming the SMI at 12,738 points. The stock's 52-week high is CHF 32.88, requiring a 20.57% increase to reach that level, while the 52-week low stands at CHF 22.53, indicating a potential downside of 17.38%. Analysts project earnings of USD 2.07 per share for 2025, with Q1 2025 results expected on April 30, 2025.
Swiss financial market regulator FINMA has restructured its organization to enhance supervision, particularly following UBS's acquisition of Credit Suisse. The changes include a new Chief Risk Officer role and a focus on integrated risk management to address challenges like liquidity, capital, and non-financial risks. Deputy CEO Birgit Rutishauser will leave by April 30 for a new career opportunity, a decision unrelated to the restructuring.
Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among European banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel received the largest raise, bringing his total to 13.2 million euros, while Deutsche Bank's Christian Sewing followed with 9.8 million euros. Other notable figures include Santander's Hector Grisi at 8.3 million euros and BBVA's Onur Genc at 7.3 million euros, with the lowest compensation reported at 2.6 million euros for Credit Agricole's Philippe Brassac.
Sergio Ermotti, CEO of UBS, topped the list of highest-paid CEOs among Europe's largest banks in 2024, earning 14.9 million Swiss francs. UniCredit's Andrea Orcel followed with a significant raise to 13.2 million euros, while Deutsche Bank's Christian Sewing earned 9.8 million euros. Many banks benefited from rising interest rates, leading to increased profits and higher compensation for executives.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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