creditsuisse
The bank said the program will start on 3 April 2024 and end at the latest on 2 April 2026 or earlier, if either the maximum amount of $2 billion has been reached or 10% of the registered share capital has been repurchased. "Based on the closing price of the UBS registered share on the SIX Swiss Exchange on 27 March 2024 and the closing USD/CHF FX rate on 27 March 2024, this corresponds to some 64.1 million registered shares or around 1.85% of the registered share capital of UBS. The share repurchase will be conducted via a separate trading line on the SIX Swiss Exchange. The shares will be re...
Euronews (English)
UBS Chief Executive Officer Sergio Ermotti earned 14.4 million Swiss francs (€14.7 million) in compensation for his nine months on the job in 2023, according to the bank's annual report. This is more than what the CEO of HSBC, Europe's biggest bank, received last year, sending Ermotti to the top of the best-paid European bank executives' list. He rejoined UBS in April 2023 to orchestrate the multi-year work of the emergency takeover of Credit Suisse, after serving as CEO of the banking group from November 2011 to October 2020. Ermotti's pay package is more than that of HSBC's Noel Quinn (€12.4...
Euronews (English)
Thomas Jordan will hand over his title as chairman of the Swiss National Bank (SNB) in September, the institution announced on Friday. The 61-year-old, known for his unorthodox monetary policy, had been due to finish his term in 2027. The resignation is a momentous moment for the country’s financial industry given Jordan’s high-profile status. After joining the SNB in 1997, Jordan took up the role of chair in 2012, and has since steered the bank through a number of pivotal moments. He notably managed the tail end of the euro-area debt crisis, a period where several of Europe’s major financial ...
Euronews (English)
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