The bank UBS has announced a new CEO. Sergio Ermotti will return into the post he held between 2011 and 2020.
The current boss, who took over from Ermotti, Ralph Hamers will step down.
The news was released this morning.
The bank says in a statement the change is justified due to the bank’s ‘new priorities’ after the takeover of Credit Suisse.
SNB backs bank rule changes
The Swiss National Bank has expressed support for tougher banking regulations aimed at strengthening the stability of the country’s largest banks.
School investigated for fake nudes
Authorities are investigating a secondary school in the German-speaking part of the country, where students used artificial intelligence to create and circulate deepfake nude images of classmates.
Switzerland will take part in joint military exercises
The government is planning closer military cooperation with other European countries and NATO.
Protestors start to organise for G7 meeting
A resistance movement is mobilising in Geneva ahead of the G7 Summit in nearby Evian, in the middle of June.
Teen pranks no block to Swiss passports
A court in Aargau has ruled that a minor juvenile prank is not sufficient to block a Swiss passport application.
Vote campaign signs confuse cars
In canton Basel-Country a voting campaign is having unintended consequences.
