Browsing: Swiss

A decision by Swiss lawmakers to defy calls by UBS and big business to moderate new banking rules has highlighted misgivings about the risks posed by one of the country’s most visible institutions after the 2023 collapse of Credit Suisse.

ZURICH, Sept 22 (Reuters) – Swiss Finance Minister Karin Keller‑Sutter and UBS chief executive Sergio Ermotti on Tuesday defended their conflicting positions on new Swiss capital regulations during a final round of appeals ahead of a crucial parliamentary vote on Wednesday.