{
Corporate Responsibility & ESG

SubCategory

}
credit suisse crisis highlights failures in management and regulatory oversight
The PUK report reveals that Credit Suisse's crisis was self-inflicted due to years of mismanagement and scandals, exacerbated by relaxed capital requirements and insufficient regulatory oversight. Despite warning signals, authorities failed to act decisively, leading to a lack of transparency and inadequate crisis detection. The report calls for urgent reforms in banking legislation and supervision to prevent future failures, emphasizing the need for a robust regulatory framework as Switzerland is left with only one globally significant bank.
Schweizer Radio und Fernsehen (SRF)
United States Dollar Credit Suisse Real Estate Fund Siat CHE Karin Keller-Sutter Ueli Maurer
Finance & Economy, News Article
14:55 20.12.2024
lessons from credit suisse crisis call for improved regulation and supervision
The Swiss Bankers Association (SBA) emphasizes the need for intelligent regulation following the Credit Suisse crisis, highlighting responsible management, effective supervision, and reliable liquidity as key factors for financial stability. CEO Roman Studer notes that the crisis stemmed from mismanagement and calls for targeted reforms, enhanced cooperation among authorities, and a strengthened liquidity framework. The SBA plans to analyze the CEP report further to engage in the upcoming political and regulatory discussions on bank stability.
Allnews
United States Dollar Swiss Franc Credit Suisse Real Estate Fund Siat Swiss National Bank CHE Roman Studer
Finance & Economy, Press Release
14:49 20.12.2024
parliamentary report on credit suisse merger highlights regulatory failures and calls for reform
The Parliamentary Commission of Inquiry's report on the emergency merger of Credit Suisse and UBS found no misconduct by authorities but criticized Credit Suisse's management and regulatory weaknesses. Political reactions include calls for stricter banking regulations, with the Greens proposing a "Lex UBS" to enhance corporate governance and oversight. Former Finance Minister Ueli Maurer is blamed for inadequate crisis management, while the report emphasizes the need for improved coordination among authorities and better crisis detection mechanisms.
Nau
Swiss Franc Credit Suisse Real Estate Fund Siat CHE Cédric Wermuth Karin Keller-Sutter Jürg Grossen Isabelle Chassot Thomas Jordan Ueli Maurer Show more
Finance & Economy, News Article
14:49 20.12.2024
credit suisse inquiry highlights management failures and regulatory challenges
The parliamentary commission's report on Credit Suisse highlights inadequate management, insufficient use of supervisory tools by FINMA, and poor inter-agency cooperation as key issues. It emphasizes that the bank's failure stemmed from a lack of confidence in its leadership rather than systemic problems, urging effective collaboration among financial authorities and caution against regulatory overreach. The future competitiveness of UBS and the Swiss financial sector hinges on maintaining a robust, internationally active banking environment.
economiesuisse
Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, Market Report
14:42 20.12.2024
calls for stricter banking regulations after credit suisse collapse
The fallout from the Credit Suisse collapse has sparked intense political blame, particularly directed at former Finance Minister Ueli Maurer for his inaction during critical years. Calls for stricter regulations and oversight have emerged, with various parties advocating for measures such as banning bonuses for systemically important banks and increasing capital requirements. The Federal Council, while defending its actions, acknowledges the need for regulatory improvements in light of the crisis.
Blick
Credit Suisse Real Estate Fund Siat CHE Nina Fehr Düsel Gerhard Andrey Cédric Wermuth Karin Keller-Sutter Jürg Grossen Philipp Matthias Bregy Ueli Maurer Show more
Finance & Economy, News Article
14:41 20.12.2024
ubs increases stake in adriatic metals plc to over six percent
Adriatic Metals Plc has announced a significant change in its shareholder structure, with UBS Group AG increasing its stake to 6.169292% of voting rights, up from 5.649079%. This change may impact the company's operations and strategic decisions. Currently, Adriatic Metals Plc has a market cap of £647.3M and a year-to-date price performance of -2.86%.
tipranks.com
Adriatic Metals PLC GBR
Finance & Economy, Market Report
14:37 20.12.2024
ubs increases stake in adriatic metals plc to over six percent
Adriatic Metals Plc has announced a significant change in its shareholder structure, with UBS Group AG increasing its stake to 6.169292% of voting rights, up from 5.649079%. This shift may impact the company's operations and strategic decisions. Currently, Adriatic Metals Plc, focused on mining and mineral resource development, has a market cap of £647.3M and a year-to-date price performance of -2.86%.
tipranks.com
Adriatic Metals PLC GBR
Finance & Economy, Market Report
14:37 20.12.2024
palantir stock dips after analyst raises valuation concerns despite strong fundamentals
Palantir Technologies' stock, which surged over 78% in the past two months, fell 3.62% in pre-market trading after UBS analyst Karl Kierstead assigned a neutral rating, citing concerns over its high valuation at 49 times revenue and 124 times free cash flow for 2025 estimates. Despite positive fundamentals, the average price target from analysts is $34.13, indicating a potential downside. The company recently extended its partnership with the U.S. Army, valued at $400.7 million, aimed at enhancing data and AI capabilities.
benzinga.com/markets/equities/24/12/42615531/pltr-stock-up-over-80-in-the-past-two-months-trades-nearly-5-lower-in-friday-premarket-after-ubs-says-valuationis-simply-tough-to-get-over
Mizuho Medy Co.,Ltd. Palantir Technologies Inc. USA
Finance & Economy, Market Report
14:32 20.12.2024
palantir stock dips after analyst raises valuation concerns despite strong fundamentals
Palantir Technologies' stock, which surged over 78% in the past two months, fell 3.62% in pre-market trading after UBS analyst Karl Kierstead assigned a neutral rating, citing concerns over its high valuation at 49 times revenue and 124 times free cash flow for 2025 estimates. Despite positive fundamentals, the average price target from analysts is $34.13, indicating a potential downside. The company recently extended its partnership with the U.S. Army, valued at $400.7 million, aimed at enhancing data and AI capabilities.
benzinga.com/markets/equities/24/12/42615531/pltr-stock-up-over-80-in-the-past-two-months-trades-nearly-5-lower-in-friday-premarket-after-ubs-says-valuationis-simply-tough-to-get-over
United States Dollar Mizuho Medy Co.,Ltd. Palantir Technologies Inc. USA
Finance & Economy, Market Report
14:32 20.12.2024
report reveals failures in banking oversight during credit suisse collapse
The PUK report on the Credit Suisse (CS) collapse reveals a decade of mismanagement, with the bank incurring losses of 3.2 billion francs while executives received 32 billion francs in bonuses. It criticizes the ineffective banking supervision by FINMA, hindered by political interference from right-wing parties. Proposed measures to prevent future crises echo previous rejected reforms, raising doubts about genuine change in the financial sector's oversight.
workzeitung.ch
Swiss Franc Credit Suisse Real Estate Fund Siat FinMan Gestion", CHE Thomas Jordan Ueli Maurer
Finance & Economy, News Article
14:29 20.12.2024
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