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Deutsche Bank has proposed Kirsty Roth, chief operations and technology officer at Thomson Reuters, and Klaus Moosmayer, chief ethics, risk & compliance officer at Novartis, to join its supervisory board at the annual shareholder meeting on May 22. They will replace Theodor Weimer and Dagmar Valcarcel, whose terms are expiring. Additionally, CEO Christian Sewing's contract has been extended amid a management revamp that will see the departure of the finance chief and another top executive.
Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer for its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. They will replace Theodor Weimer and Dagmar Valcarcel, whose terms are expiring. Additionally, CEO Christian Sewing's contract has been extended amid a management overhaul, which will see the departure of the finance chief and another executive.
The Swiss National Bank purchased foreign currency worth 1.2 billion Swiss francs ($1.36 billion) in 2024, significantly decreasing its market interventions after successfully controlling inflation. This contrasts sharply with the 132.9 billion Swiss francs sold in 2023 to strengthen the franc against rising import prices.
UBS has expressed concerns over the "ill-informed" public debate in Switzerland regarding its size and activities, which is creating uncertainty as the country considers new banking regulations. Following its acquisition of Credit Suisse, UBS is facing stricter capital requirements, despite already meeting high standards for globally systemically important banks. The bank supports measures for individual executive accountability and a permanent safety net for systemically important institutions, while awaiting further details on capital requirements from the Swiss government.
UBS has expressed concerns over an "ill-informed" public debate in Switzerland regarding the risks associated with its business and size, which is creating uncertainty ahead of 2025. The bank, facing new regulations after acquiring Credit Suisse, is already meeting high capital requirements but awaits further details from the Swiss government on future capital needs. UBS supports measures for executive accountability and a public liquidity backstop for systemically important banks.
UBS has expressed concerns over the "ill-informed" public debate in Switzerland regarding its business risks and size, which is creating uncertainty as the country prepares to regulate its largest bank. Following its acquisition of Credit Suisse, UBS is facing stricter capital requirements, despite already meeting high standards for global systemically important banks. The bank supports measures for executive accountability and a permanent liquidity backstop for systemically important institutions, while awaiting further details on capital requirements from the Swiss government.
UBS Group has expressed concerns that the public debate regarding its size and potential risks has led to uncertainties as 2025 approaches. The bank emphasized that its low-risk business model and high asset quality distinguish it from the former Credit Suisse, making UBS a more secure financial institution.
UBS Group, Switzerland's largest bank, has expressed concern that the public debate surrounding its size and associated risks is often misinformed, leading to uncertainty as it approaches 2025. The bank emphasized that its low-risk business model and high asset quality distinguish it from the former Credit Suisse, making UBS a safer financial institution.
Novartis is closing MorphoSys sites in Germany and the United States, impacting 330 jobs as part of a strategic evaluation of its organizational structure following the acquisition of MorphoSys earlier this year. The company plans to exit the Munich and Boston locations by the end of 2025 and is committed to supporting affected employees.
Novartis is set to close the German biotech company Morphosys, resulting in the loss of 330 jobs. The decision, announced in November 2024, involves shutting down Morphosys sites in Germany and the U.S. by the end of 2025, with all portfolio activities being integrated into Novartis.
Friederike Heine
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Deutsche Bank proposes new members for supervisory board ahead of shareholder meeting
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