SwissRe

UBS Implements Permanent Investment Banking Cap to Alleviate Swiss Concerns

1 month ago

In a strategic move aimed at maintaining stability within the Swiss financial landscape, UBS Group AG has announced the introduction of a permanent cap on its investment banking operations. This decision comes in response to growing apprehensions from Swiss regulators and the public about the risks associated with excessive exposure to volatile financial markets, particularly in light of past crises and the bank's significant role in global finance.

UBS Cuts CEO Ermotti’s Pay to $17 Million Amid Swiss Regulatory Scrutiny

1 month ago

In a significant move reflecting the mounting scrutiny from Swiss regulators, UBS has announced a reduction in the compensation package of its Chief Executive Officer, Sergio Ermotti, slashing it to $17 million for the year. This decision comes in response to critical feedback regarding the bank's governance practices and operational transparency, especially following its recent acquisition of Credit Suisse.

Swiss Re Reports Surge in Wildfire Claims Amid Rising 2024 Profits

2 months ago

In a recent update, Swiss Re, one of the leading global reinsurance companies, has revealed that it expects to face significant financial impacts from wildfire claims, forecasting losses that could reach as high as $700 million. This outlook comes on the heels of a positive profit report for the year 2024, showcasing a robust performance despite the escalating climate-related challenges.