{
}
The National Council has rejected a proposal to ban bank donations to political parties, a move criticized by the Socialist Party (PS) as indicative of the influence banks wield over politics. Despite the PS's efforts to highlight the issue following the Credit Suisse crisis, the debate was brief and largely dismissed by the bourgeois camp, which holds a majority. All Swiss parties, including the PS, have received funding from systemic banks, with the SVP and PLR receiving the most significant amounts.
UBS's takeover of Credit Suisse has left the Anny Klawa-Morf Foundation without its main donor, as Credit Suisse ceased contributions in 2022. Despite the SP's stance against donations from systemic banks, bourgeois parties accepted funds from Credit Suisse in 2023, citing prior commitments and the need for financial support during an election year. The situation has sparked accusations of hypocrisy and raised questions about the ethics of accepting money from a failing institution.
PrimeEnergy Cleantech faced sanctions from FINMA in 2015 but continued operations in secrecy until its collapse in 2023, risking the savings of 2,000 investors. In response to this and the Credit Suisse crisis, the Federal Council plans to enhance transparency in financial oversight, advocating for public disclosure of enforcement actions to prevent future misconduct. FINMA supports this initiative, emphasizing its potential to strengthen the financial sector.
Vincent Maitre
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss National Council Rejects Ban on Bank Donations to Political Parties
United States Dollar
Euro
Swiss Franc
Credit Suisse Strategic Income I
Raiffeisenfonds-Wachstum T
CHE
Jessica Jaccoud
Vincent Maitre
Baptiste Hurni
Cédric Wermuth
Cyril Aellen
Hans-Peter Portmann
Philipp Matthias Bregy
Show more
17:43 19.03.2025
political parties face scrutiny over donations from systemic banks in switzerland
08:03 09.03.2025
financial oversight reform proposed after primeenergy scandal and credit suisse collapse
21:50 31.01.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
Banking Regulations
Market Analysis and Predictions
Retail and Consumer Goods
Financial Scams and Security
Workplace Trends
Hedge Funds & Private Equity
CEO Changes
Startups & Entrepreneurship
Government Policies
Central Bank Actions
Corporate Social Responsibility
Energy Sector Developments
Supply Chain Management
Industry Mergers & Acquisitions
Private Equity Deals
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Bank of America Corporation
The Goldman Sachs Group, Inc.
Morgan Stanley
Wells Fargo & Company
Citigroup Inc.
Apple Inc.
SpaceXCoin USD
Deutsche Bank RV Global PP
NVIDIA Corporation
Credit Suisse Strategic Income I
Micron Technology, Inc.
Microsoft Corporation
Lloyds Banking Group plc
UBS Group AG
NIKE, Inc.
HSBC Holdings plc
The Charles Schwab Corporation
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Chinese Yuan
Indian Rupee
Japanese Yen
Singapore Dollar
Australian Dollar
Danish Krone
Canadian Dollar
Malaysian Ringgit
Hong Kong Dollar
Russian Ruble
Egyptian Pound
Swedish Krona
Polish Złoty
Colombian Peso
Uruguayan Peso
Mexican Peso
People: