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Stefan Walter, Switzerland's financial regulator, is pushing for stricter capital requirements for UBS, potentially increasing its obligations by $25 billion. His assertive approach aims to disrupt the previously cozy relationship between banks and regulators, reflecting a shift in public appetite for enhanced scrutiny following the Credit Suisse crisis. Walter's leadership has led to significant penalties against several financial firms, signaling a new era of accountability in Swiss finance.
Switzerland's finance regulator, Finma, under CEO Walter, is taking a tough stance on banking oversight, particularly targeting UBS with potential capital requirements of up to $25 billion. Walter's assertive approach marks a shift from the previous leniency, aiming to restore confidence in Swiss finance post-Credit Suisse's collapse. His push for stricter regulations and transparency reflects a growing public demand for accountability in the financial sector.
Julius Baer Group Ltd. is set to appoint former HSBC CEO Noel Quinn as its new chairman on March 1, 2025, following the departure of Philipp Rickenbacher amid financial struggles linked to the collapse of Rene Benko’s Signa real estate group. Quinn's appointment comes as the bank undergoes significant restructuring under new CEO Stefan Bollinger, who has announced plans to cut around 400 jobs and streamline the executive board.
Noel Quinn, the former CEO of HSBC, is poised to become the chairman of Julius Baer Group Ltd., marking a significant appointment for the Swiss private bank. At 63, Quinn will join the board as Julius Baer seeks to recover from substantial losses linked to the collapse of Rene Benko’s Signa real estate group, which also led to the exit of former CEO Philipp Rickenbacher about a year ago.
Noel Quinn, the former CEO of HSBC, is poised to become the next chairman of Julius Baer Group Ltd., marking a significant move for the Swiss private bank. This transition follows the bank's efforts to recover from substantial losses linked to Rene Benko’s Signa real estate group and the departure of former CEO Philipp Rickenbacher.Quinn's appointment comes as Julius Baer seeks to revitalize its leadership, with current chairman Romeo Lacher not standing for re-election. The bank has also recently streamlined its executive board and announced job cuts as part of its restructuring efforts.
Jennalee Rene Benko
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swiss regulator strengthens oversight amid banking crisis and capital demands
Swiss Franc
United States Dollar
Leonteq AG
Credit Suisse Strategic Income I
Mirabaud & Cie SA
Julius Bär Gruppe AG
UBS Group AG
Deutsche Bank AG
CHE
Stefan Walter
Noele Illien
Jennalee Rene Benko
Arno Schuetze
Nicholas Comfort
Sergio Ermotti
Georg Lutz
Karin Keller-Sutter
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09:06 26.03.2025
switzerland's finance regulator challenges banking elite amid rising capital demands
Swiss Franc
United States Dollar
Leonteq AG
Mirabaud & Cie SA
Julius Bär Gruppe AG
UBS Group AG
Deutsche Bank AG
AUT
GBR
DEU
CHE
USA
Georg Lutz
Markus Walter
Jennalee Rene Benko
Karin Keller-Sutter
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06:25 26.03.2025
julius baer appoints noel quinn as new chairman amid leadership changes
United States Dollar
HSBC Holdings plc
Julius Baer Group Ltd.
CHE
Romeo Lacher
Jennalee Rene Benko
Philipp Rickenbacher
Stefan Bollinger
Noel Quinn
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16:30 01.03.2025
noel quinn set to become chairman of julius baer group
United States Dollar
HSBC Holdings plc
Julius Baer Group Ltd.
GBR
Jennalee Rene Benko
Philipp Rickenbacher
Noel Quinn
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16:52 28.02.2025
noel quinn set to become chairman of julius baer group
United States Dollar
HSBC Holdings plc
Julius Baer Group Ltd.
CHE
Romeo Lacher
Jennalee Rene Benko
Philipp Rickenbacher
Stefan Bollinger
Noel Quinn
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11:47 28.02.2025
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