{
Christoph Bernet

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UBS donates 1.4 million to right-wing parties amid political scrutiny

UBS donated CHF 1.4 million to center-right parties in 2024, maintaining its status as Switzerland's largest private donor. The bank supports parties committed to free competition and the market economy, with the SVP receiving the most funding. Despite calls for regulation on corporate donations, Parliament has not acted against UBS's contributions.
watson.ch/fr
Swiss Franc Credit Suisse Strategic Income I CHE Christoph Bernet Joel Espinal
Finance & Economy, News Article
06:00 25.03.2025

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
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