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UBS CEO Sergio Ermotti has expressed concerns over the bank's competitiveness due to Switzerland's significantly higher capital requirements, which are 50% above those of its competitors. This regulatory uncertainty is negatively impacting UBS's share price, compounded by the ongoing integration of Credit Suisse.
EFG International reported a net profit of 321.6 million Swiss francs in 2024, marking a 6% increase from the previous year. The bank announced its acquisition of Cité Gestion, which manages approximately CHF 7.5 billion in assets, with the deal expected to close in the second half of 2025, pending regulatory approvals.
EFG International reported a net profit of 321.6 million Swiss francs in 2024, marking a 6% increase from the previous year. The bank is set to acquire Cité Gestion, which has approximately 7.5 billion francs in assets under management, with the deal expected to close in the second half of 2025, pending regulatory approval.
Thomas Seythal
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs warns of competitiveness issues due to higher capital requirements
Credit Suisse Strategic Income I
CHE
Thomas Seythal
Sergio Ermotti
Ariane Lüthi
Oliver Hirt
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14:30 03.04.2025
efg international reports profit increase and plans cité gestion acquisition
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