- Published On Mar 9, 2026 at 04:00 PM IST
UBS in a state-engineered emergency takeover.
High bonuses for banking bosses have triggered backlash by Swiss officials in the past.
Finance Minister Karin Keller-Sutter, who is in charge of the current banking regulation overhaul, said in 2024 that she would have to work for 30 years to earn the equivalent of Ermotti’s pay.
Switzerland’s governing Federal Council is set to release in the coming weeks its proposal on a key capital measure that UBS has said would render it uncompetitive.
The measure will then be sent to parliament, where lawmakers will shape and adopt the final rule.
Swiss pharma giant Novartis’ CEO Vasant Narasimhan received a 24.9 million Swiss franc compensation package for 2025, which proxy advisory firm Ethos has called “particularly excessive”. ($1 = 0.7793 Swiss francs) (Reporting by Ariane Luthi, Editing by Miranda Murray)
- Published On Mar 9, 2026 at 04:00 PM IST
Join the community of 2M+ industry professionals.
Subscribe to Newsletter to get latest insights & analysis in your inbox.
All about industry right on your smartphone!
- Download the App and get the Realtime updates and Save your favourite articles.
