{
}
UBS faces shareholder backlash as the Ethos association recommends rejecting the bank's remuneration, share buyback program, and sustainability report at the upcoming AGM. Ethos criticizes the high executive pay and potential for excessive risk-taking, while also highlighting gaps in UBS's sustainability commitments. The bank's management compensation for 2024 is said to reflect a performance-based approach, despite concerns over its alignment with current capital requirements.
Ethos, a foundation advocating for good corporate governance, urges UBS to prioritize replenishing its equity over high executive compensation and share buybacks. At the upcoming general meeting, it proposes rejecting the remuneration and sustainability report, citing excessive pay compared to peers and concerns over risk-taking behavior. Ethos emphasizes the need for a robust equity base to ensure long-term stability, criticizing UBS's recent sustainability efforts and lack of transparency in its climate strategy.
UBS is contemplating relocating its headquarters amid potential capital requirement increases of up to $40 billion, which could hinder its global competitiveness. CEO Sergio Ermotti emphasized that excessive regulations could penalize the bank's diversified operations and impact Switzerland's economy. The bank's commitment to a Swiss identity remains, but it faces challenges balancing local regulations with its international business strategy.
Ethos criticizes UBS for its high executive compensation, which it argues encourages excessive risk-taking, and advocates for replenishing equity instead of share buybacks. The foundation also highlights shortcomings in UBS's sustainability efforts, particularly regarding transparency and climate goals, urging a focus on long-term stability over short-term gains.
Ethos criticizes UBS for high executive compensation and share buybacks, urging the bank to focus on replenishing equity instead. The foundation highlights that UBS's CEO pay remains among the highest in Europe, which could encourage excessive risk-taking, and calls for improved sustainability transparency.
Ethos advocates for UBS to prioritize replenishing its equity over high executive compensation and share buybacks, criticizing the bank's leadership pay as excessive compared to peers. The foundation also highlights shortcomings in UBS's sustainability efforts and calls for greater transparency in its climate strategy.
UBS is facing criticism from the shareholder association Ethos ahead of its AGM on April 10, with calls to reject the remuneration report, share buyback program, and sustainability report. Ethos argues that management pay is excessively high compared to peers and warns that variable remuneration structures could encourage risky behavior. Additionally, the association highlights significant gaps in UBS's sustainability commitments and opposes the proposed share buyback amid discussions on tightening capital requirements for large banks.
UBS faces a potential $25 billion capital requirement increase due to Swiss regulatory changes aimed at addressing "equity double leverage" issues highlighted by the Credit Suisse crisis. To mitigate shareholder impact, UBS is considering options such as capping its investment bank and possibly relocating its headquarters, though it remains committed to Switzerland. Swiss lawmakers are expected to propose new capital rules in June, but final decisions may take years.
UBS is contemplating relocating its headquarters abroad due to potential regulatory changes that could impose a $25 billion capital increase, which would disadvantage the bank competitively. While management has considered this option, the complexities and costs involved, including a potential $10 billion tax bill, make it unlikely. Instead, UBS may face becoming a takeover target, raising concerns about its future as a major player in Switzerland's financial landscape.
UBS faces potential takeover threats amid regulatory tightening in Switzerland, with management warning that stricter capital requirements could lead to a significant drop in stock value. While the bank emphasizes its commitment to Swiss operations, discussions of a foreign acquisition, particularly by US firms, are intensifying as UBS's wealth management division remains highly attractive. The Swiss government is expected to clarify its regulatory stance by May, adding to the uncertainty surrounding UBS's future.
Colm Kelleher
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
shareholder group opposes UBS pay plans and share buyback proposal
Swiss Franc
Nomura Holdings, Inc.
Credit Suisse Strategic Income I
UniCredit S.p.A.
CHE
Colm Kelleher
Vincent Kaufmann
Sergio Ermotti
Show more
16:19 27.03.2025
ubs urged to prioritize equity over executive pay and share buybacks
Swiss Franc
Credit Suisse Strategic Income I
CHE
Colm Kelleher
Vincent Kaufmann
Sergio Ermotti
Show more
15:46 27.03.2025
ubs considers relocating headquarters amid rising capital requirements and regulatory tensions
Swiss Franc
United States Dollar
Euro
British Pound Sterling
Hong Kong Dollar
New York Community Bank
Barclays PLC
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Credit Suisse Strategic Income I
Ing. A. Dielissen Bouwkundig werk
Julius Bär Gruppe AG
GBR
CHE
USA
Georges Elhedery
Jamie Dimon
John Waldron
Andrea Orcel
Ana Botina
Colm Kelleher
David M. Solomon
Sergio Ermotti
Show more
13:28 27.03.2025
ubs faces criticism over executive pay and sustainability practices
Swiss Franc
Credit Suisse Strategic Income I
CHE
Colm Kelleher
Vincent Kaufmann
Sergio Ermotti
Show more
11:55 27.03.2025
Ethos criticizes UBS for high executive pay and sustainability shortcomings
Swiss Franc
Credit Suisse Strategic Income I
CHE
Colm Kelleher
Vincent Kaufmann
Sergio Ermotti
Show more
11:01 27.03.2025
ethos criticizes ubs for high executive pay and share buybacks
Swiss Franc
Credit Suisse Strategic Income I
CHE
Colm Kelleher
Vincent Kaufmann
Sergio Ermotti
Show more
11:00 27.03.2025
Ethos urges UBS shareholders to reject remuneration and share buyback plans
08:26 27.03.2025
ubs faces potential 25 billion capital challenge amid regulatory scrutiny
United States Dollar
Morgan Stanley
Credit Suisse Strategic Income I
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
CHE
Colm Kelleher
Rachel Reeves
Donald Trump
Sergio Ermotti
Karin Keller-Sutter
Show more
07:00 27.03.2025
ubs faces tough choices amid potential regulatory changes and takeover risks
10:34 24.03.2025
UBS faces potential takeover amid regulatory pressures and market uncertainties
Swiss Franc
SGP
HKG
USA
CHE
Kunz
Colm Kelleher
Donald Trump
Sergio Ermotti
Karin Keller-Sutter
Show more
10:33 23.03.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
CEO Changes
Industry Mergers & Acquisitions
Startups & Entrepreneurship
Market Analysis and Predictions
Financial Scams and Security
Supply Chain Management
Global Trade Developments
Central Bank Actions
Government Policies
Government Economic Policies
Workplace Trends
Hedge Funds & Private Equity
Energy Sector Developments
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Barclays PLC
Bank of America Corporation
Deutsche Bank Money Market PP
Wells Fargo & Company
Morgan Stanley
Citigroup Inc.
Credit Suisse Strategic Income I
Commerzbank AG
UBS Group AG
Apple Inc.
Amazon.com, Inc.
UniCredit S.p.A.
NVIDIA Corporation
BNP Paribas SA
Lloyds Banking Group plc
Google Inc.
Basler Kantonalbank
Currencies:
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Chinese Yuan
Indian Rupee
Canadian Dollar
Japanese Yen
United Arab Emirates Dirham
Swedish Krona
Australian Dollar
Mexican Peso
Hong Kong Dollar
Brazilian Real
Danish Krone
Offshore Chinese Yuan
Russian Ruble
Singapore Dollar
Thai Baht
Indonesian Rupiah
People: