Swiss watchdog seeks bonus clawback powers – Uptrends

Swiss watchdog seeks bonus clawback powers – Uptrends

  ZURICH: Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part of stronger powers following the fall of Credit Suisse and sale to UBS. “The question is on the table and must be discussed now,” FINMA Chairwoman Marlene Amstad told newspaper Schweiz am Wochenende, when asked about the … Read more

PIA seeks Rs15bn loan, urgently appeals to govt for financial assistance – Uptrends

PIA seeks Rs15bn loan, urgently appeals to govt for financial assistance – Uptrends

  Pakistan International Airlines (PIA) has urgently appealed to the government for financial assistance, seeking relaxation from the State Bank of Pakistan (SBP) to arrange a loan of Rs15 billion from commercial banks. Facing operational challenges and potential risks of suspension, the Civil Aviation Authority (CAA) has already granted a Rs5 billion facility to keep … Read more