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credit suisse donations to political parties cease after ubS takeover

UBS has decided to discontinue the political donations previously made by Credit Suisse, which amounted to one million francs annually, leaving parties like the SVP and PLR facing significant financial losses. In 2023, Credit Suisse contributed 450,000 francs before its takeover, while UBS has increased its own donations to 750,000 francs but does not plan to replace the lost contributions. This shift is particularly challenging for bourgeois parties that rely heavily on such donations, especially in an election year.
watson.ch/fr
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE Simeon Marty Christoph Bernet Anny Klawa-Morf Show more
TradFi, News Article
18:48 15.10.2024

credit suisse donation cuts impact swiss political parties and foundations

UBS has decided to discontinue the political donations previously made by Credit Suisse, which amounted to CHF 1 million annually. This change will significantly impact conservative parties, particularly the SVP, which will lose CHF 160,000, while the SP-affiliated Anny Klawa Morf Foundation faces a substantial funding shortfall due to the absence of CS contributions.
watson.ch
Swiss Franc United States Dollar Credit Suisse Anlagestiftung UBS SA CHE Simeon Marty Credit Suisse
TradFi, News Article
10:14 12.10.2024
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