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Tidjane Thiam, the former CEO of Credit Suisse, has been barred from running in the upcoming Ivorian presidential election due to a court ruling on his nationality. He plans to appeal the decision to the Court of Justice of the Economic Community of West African States (ECOWAS), stating, "It’s me or no one," as his party will not nominate another candidate. This ruling follows the removal of other political opponents from the electoral roll, including former president Laurent Gbagbo.
In a series of significant mergers and acquisitions, Swiss companies have reshaped their industries, including UBS's takeover of Credit Suisse in 2023 and the planned merger of Helvetia and Baloise in 2025, which will create the second-largest insurance group in Switzerland. Other notable deals include Holcim's merger with Lafarge in 2016 and ChemChina's acquisition of Syngenta in 2017, highlighting Switzerland's pivotal role in global business dynamics.
UBS suffered a staggering loss of 9.7 billion francs in market value, while Roche's shares plummeted nearly 9%, resulting in an 18.3 billion franc loss. The fallout from Trump's tariffs also hit Partners Group and Zurich Insurance hard, with significant declines in their stock values. In contrast, Swisscom emerged as a rare winner, gaining 340 million francs amidst the turmoil.
Deutsche Bank has raised its price target for Novartis shares to CHF115 from CHF110, maintaining a Buy rating, driven by optimism surrounding the cancer treatment Pluvicto's label expansion. The company shows strong financial health with a 10.85% revenue growth and a gross profit margin of 75.22%. In contrast, UBS downgraded Novartis from Buy to Neutral, lowering the target to CHF104, citing concerns over upcoming patent expirations that may hinder growth.
The Swiss stock market fell by 2.09% amid escalating trade tensions following U.S. tariffs, with the SMI index dropping to 12,324.76 points. The technology sector was particularly hard hit, with Logitech down 12%, while UBS in the financial sector also faced a 5% decline. Defensive stocks like Nestlé and Novartis provided some support, but overall losses were significant.
Deutsche Bank has proposed Kirsty Roth, chief operations and technology officer at Thomson Reuters, and Klaus Moosmayer, chief ethics, risk & compliance officer at Novartis, to join its supervisory board at the annual shareholder meeting on May 22. They will replace Theodor Weimer and Dagmar Valcarcel, whose terms are expiring. Additionally, CEO Christian Sewing's contract has been extended amid a management revamp that will see the departure of the finance chief and another top executive.
Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer for its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. They will replace Theodor Weimer and Dagmar Valcarcel, whose terms are expiring. Additionally, CEO Christian Sewing's contract has been extended amid a management overhaul, which will see the departure of the finance chief and another executive.
Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer to join its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. Roth is currently the chief operations and technology officer at Thomson Reuters, while Moosmayer has served as chief ethics, risk & compliance officer at Novartis. Their appointments will fill vacancies left by Theodor Weimer and Dagmar Valcarcel, whose terms are expiring.
Deutsche Bank has proposed Kirsty Roth and Klaus Moosmayer for its supervisory board, with a vote scheduled for the annual shareholder meeting on May 22. Roth is currently the chief operations and technology officer at Thomson Reuters, while Moosmayer has served as chief ethics, risk & compliance officer at Novartis. Their appointments will fill vacancies left by Theodor Weimer and Dagmar Valcarcel, whose terms are expiring.
Kirsty Roth and Klaus Moosmayer have been proposed to join the Supervisory Board of Deutsche Bank. Moosmayer, who recently announced his departure from Novartis, will have his responsibilities taken over by Chief Legal Officer Karen Hale on April 14.
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court bars former credit suisse ceo from presidential election in ivory coast
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major mergers and acquisitions shaping the swiss business landscape
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16:43 31.03.2025
Deutsche Bank proposes Kirsty Roth and Klaus Moosmayer for supervisory board
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Deutsche Bank Money Market PP
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CHE
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Ludwig Burger
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16:39 31.03.2025
Deutsche Bank proposes Kirsty Roth and Klaus Moosmayer for supervisory board
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16:06 31.03.2025
deutsche bank proposes new supervisory board members ahead of annual meeting
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Thomson Reuters Corporation
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Kirsty Roth
Karen Hale
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15:56 31.03.2025
deutsche bank proposes kirsty roth and klaus moosmayer for supervisory board
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