The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss banking expert critiques financial risks and taxpayer bailouts in crisis
Urs Birchler, a prominent banking expert, critiques the Swiss financial sector for its reliance on taxpayer bailouts and the increasing risks posed by larger banks. His recent report on the Credit Suisse crisis highlights how the bank exploited capital adequacy exemptions, raising concerns about the lessons learned from past financial crises. Birchler emphasizes the need for a serious discussion on these issues, especially in light of deregulation trends.
ubs secures exemption to manage us pension assets despite past violations
UBS has received a waiver from the US Department of Labor, allowing it to manage American pension assets despite its history of criminal convictions and significant fines. The exemption, valid until 2029, includes conditions to protect the interests of US retirees, following activist calls for exclusion due to nearly 100 violations since 2000.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.