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The SVP has retracted its radical proposal to break up big banks, initially called for after the Credit Suisse crisis, citing better regulatory alternatives from the Federal Council and the parliamentary commission. Thomas Matter emphasized that the new measures aim to significantly reduce risks, particularly in investment banking, without the need for drastic structural changes.
A power struggle is unfolding at UBS between CEO Sergio Ermotti and Finance Minister Karin Keller-Sutter over capital requirements, with the latter demanding an increase of CHF 15-25 billion by 2030. UBS plans a CHF 3 billion share buyback and a 10% dividend increase, countering calls for more equity amid concerns about financial stability. The debate intensifies as regulators push for stricter capital adequacy rules, while Ermotti warns that such demands could hinder the bank's operations and economic contributions.
Markus Somm's "Nebelspalter" has relocated to a modest office in Zurich after starting in luxurious surroundings. Despite significant financial backing and a goal to establish himself as a media entrepreneur, the publication has faced challenges, including a loss of 4.6 million francs in its first three years. Somm has cut costs by hiring less experienced staff and relying on archived content, while still aiming for profitability in the fourth year.
Switzerland is not legally bound to align its sanctions with the EU, leading to criticism for lenient penalties on violations. The Federal Council seeks to maintain a flexible neutrality, opposing a proposed initiative that would restrict cooperation with military alliances and sanction support. Current penalties for sanctions violations in Switzerland are significantly lower than those in the EU, raising concerns about the country's role in circumvention transactions.
Christoph Blocher
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
svp withdraws radical banking reform proposals after new regulatory suggestions
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18:23 18.02.2025
power struggle at UBS over equity demands and regulatory changes
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08:55 09.02.2025
markus somm's nebelsplater faces challenges in new zurich location
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Switzerland's Neutrality and Sanctions Policy Under Scrutiny Amid EU Relations
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