Karin Keller-Sutter
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- Oct 15
UBS weighs moving its headquarters or merging if Swiss capital rules tighten
Insiders told Reuters that a UBS working group is weighing a move abroad, a merger or a sale if Swiss capital rules become too strict. No concrete talks are under way, the sources said.
- Oct 15
Swiss top court upholds Credit Suisse bonus cuts for former executives
Switzerland's highest court ruled that the government could cut unpaid bonuses for about 1,000 former Credit Suisse managers after the 2023 state-backed takeover by UBS, overturning a 2025 decision.
- Oct 1
Artisan Partners urges UBS to leave Switzerland over 90% capital rule
US asset manager Artisan Partners has called on UBS to move its headquarters out of Switzerland following a parliamentary vote requiring 90% capital backing for foreign subsidiaries.
- Sep 23
Swiss Council of States votes for 90% capital requirement on UBS foreign units
The Swiss Council of States approved a requirement for UBS to back foreign subsidiaries with 90% hard equity, adding an estimated $16 billion in capital demands as the draft moves to the National Council.
- Sep 21
Swiss defence minister faces parliament over F-35 costs and 104 million franc legal fees
Defence Minister Martin Pfister faces scrutiny in Bern over broken fixed-price promises for F-35 fighter jets and 2.7 million francs paid to outside counsel Homburger.
- 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.
