Ban on Bank Bonuses Definitively Rejected
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A motion to ban bonuses for executives at systemically important banks has been definitively rejected by the Council of States, with a vote of 32 to 9. This follows a previous approval by the National Council in May 2023 after the Credit Suisse collapse. The majority cited concerns over economic freedom and the need for limits on remuneration instead. Finance Minister Karin Keller-Sutter described the motion as radical, emphasizing that it would significantly interfere with economic freedom.
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