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Top related persons:
Sacha Zala - 2 Isabelle Chassot - 2 “ - 1 ” Zala - 1 Denis Balibouse - 1 Zala - 1 John Revill - 1 David Evans - 1
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ZURICH Swiss Bern Switzerland
Top related orgs:
Suisse - 2 Swiss Federal Archives - 2 Credit Suisse - 2 UBS - 2 Swiss - 2 Aargauer Zeitung - 2 Swiss Society - 2 Federal Archives - 1

Search resuls for: "Aargauer Zeitung"


7 mentions found


☆ Credit Suisse inquiry will keep files secret for 50 years
  + stars: | 2023-07-15 | by ( John Revill | ) www.reuters.com   time to read: +2 min
ZURICH (Reuters) -A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to the emergency takeover of Credit Suisse by UBS in March. “After the completion of the investigation, the files shall be handed over to the Federal Archives and shall be subject to an extended protection period of 50 years,” the committee said in a strategy paper outlining its communication policy. “Should researchers want to scientifically investigate the 2023 banking crisis, access to the CS files would be invaluable,” Zala wrote, according to the newspaper. “Indiscretions complicate the work or damage the credibility of the commission and can have negative consequences for the Swiss financial centre,” the committee added.
Persons: Sacha Zala, Isabelle Chassot, “, ” Zala Organizations: Suisse, Swiss Federal Archives, Credit Suisse, UBS, Swiss, Federal Archives, Aargauer Zeitung, Swiss Society Locations: ZURICH, Swiss, Bern
☆ Credit Suisse inquiry will keep files secret for 50 years, paper reports
  + stars: | 2023-07-15 | by ( ) www.reuters.com   time to read: +2 min
[1/2] The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoZURICH, July 15 (Reuters) - A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, newspaper Aargauer Zeitung reported, triggering concerns among Swiss historians. The Swiss parliament did not respond to a request for comment on Saturday. The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to emergency takeover of Credit Suisse by UBS in March. It could have the power to question the Credit Suisse bankers involved, but they will not be the focus of the inquiry.
Persons: Denis Balibouse, Sacha Zala, Isabelle Chassot, Zala, John Revill, David Evans Organizations: Credit Suisse, Swiss, REUTERS, Suisse, Aargauer Zeitung, Swiss Federal Archives, Swiss Society, UBS, Thomson Locations: Bern, Switzerland, ZURICH, Swiss
☆ Switzerland's Social Democrats propose shrinking UBS
  + stars: | 2023-05-30 | by ( John Revill | ) www.reuters.com   time to read: +3 min
The left-leaning party will propose to cap the bank's assets at half of Switzerland's gross domestic product, effectively forcing the new UBS to slash its assets to a quarter of their current level. Social Democrats are the second-biggest party in the lower house, but with only 39 of the 200 seats will need support of other parties. The Swiss People's Party, which has 53 lower house seats, joined the Social Democrats in rejecting the government's aid package for the merger last month and has also called for no more taxpayer-funded bailouts for banks. An alternative, also considered by the Social Democrats, would be imposing higher capital requirements if the bank's assets rose above 50% of Swiss GDP. "The aim is for UBS to become smaller," Marti told the newspaper.
☆ Switzerland's Social Democrats propose shrinking UBS - Aargauer Zeitung
  + stars: | 2023-05-30 | by ( ) www.reuters.com   time to read: +2 min
ZURICH, May 30 (Reuters) - Switzerland's Social Democratic Party has drawn up a proposal to shrink UBS (UBSG.S) assets after its takeover of Credit Suisse (CSGN.S), the Aargauer Zeitung newspaper reported. The lender is expected to close the deal with Credit Suisse "very shortly," Chairman Colm Kelleher said last week. An alternative would be imposing higher capital requirements if the bank's assets rose above 50% of Swiss GDP. At present the Swiss parliament is discussing an equity requirement of 15%. "The aim is for UBS to become smaller," Marti told the newspaper.
☆ Switzerland plans to expand power plant network, energy minister says
  + stars: | 2023-04-01 | by ( Reuters Staff | ) www.reuters.com   time to read: +1 min
GENEVA (Reuters) - Switzerland plans to call for bids later this year to build new power plants that it expects will be connected to its energy grid in 2025 or 2026, Energy Minister Albert Rosti said, as the country tries to boost its energy reserves to prevent shortages. “We need more electricity in Switzerland, otherwise we’ll hit a wall,” Rosti said in an interview with Aargauer Zeitung published on Saturday. Rosti said the government would calls for bids to build new power plants in mid-2023. “The new power plants should be connected to the grid in 2025 or 2026 if possible,” he said, adding that these would be required to run on both fossil fuel and renewable energy sources. In August last year the Swiss government launched a voluntary campaign to urge consumers and businesses to conserve energy to prevent shortages of gas and power.
☆ Toblerone chocolate could lose its iconic Swiss mountain logo because it won't be able to meet the country's standard of 'Swissness'
  + stars: | 2023-03-06 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +2 min
Toblerone is set to drop the iconic image of Switzerland's Matterhorn mountain from its packaging. Switzerland has laws regulating the use of national symbols and products claiming to be Swiss-made. Toblerone's new branding will feature a "modernized and streamlined" logo instead of the Matterhorn's jagged outline, per Aargauer Zeitung. The Matterhorn debuted on Toblerone's packaging in 1970, according to its brand page. "We'll relaunch the Toblerone packaging from this summer, saying the brand was 'established in Switzerland,'" Livia Kolmitz, a Mondelez spokeswoman, told Reuters.
☆ Analysis: Swiss neutrality on the line as arms-for-Ukraine debate heats up
  + stars: | 2023-02-06 | by ( John Revill | ) www.reuters.com   time to read: +5 min
Buyers of Swiss arms are legally prevented from re-exporting them, a restriction that some representing the country's large weapons industry say is now hurting trade. Under Swiss neutrality, which dates back to 1815 and is enshrined by treaty in 1907, Switzerland will not send weapons directly or indirectly to combatants in a war. Third countries can in theory apply to Bern to re-export Swiss weapons they have in their stocks, but permission is almost always denied. Meanwhile the right-wing Swiss People's Party (SVP), the lower house's largest party and traditionally staunch defenders of neutrality, now appears divided. ($1 = 0.9132 Swiss francs)Reporting by John Revill; editing by John Stonestreet and Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.
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