- Aug 12
Swiss Federal Council proposes bonus clawbacks and tighter bank oversight after Credit Suisse collapse
Finance Minister Karin Keller-Sutter presented 12 measures on Wednesday to close 'too big to fail' gaps, including deferred bonuses, clawback powers, and expanded FINMA authority. Consultation runs until November 19.
- Jul 29
UBS posts $2.8 billion Q2 profit, beats estimates and launches $3 billion buyback
Switzerland's largest bank reported net income of $2.80 billion for the second quarter, up 17% from a year earlier, and announced a new share buyback program of up to $3 billion.
- Jul 2
SNB backs tougher UBS capital rules, says the bank already holds enough reserves to meet them
The Swiss National Bank said in its annual stability review that UBS has sufficient capital to satisfy proposed stricter rules, lending support to the government’s push for full equity backing of foreign subsidiaries.
- Jun 19
Swiss Federal Council proposes extending protection status S for Ukrainians beyond March 2027, considers excluding draft-age men
The Swiss government today opened consultation on a concept to continue the temporary protection status for Ukrainian refugees beyond March 2027, while also considering the exclusion of Ukrainian men of military age, aligning with EU discussions.
