UBS's rescue of Credit Suisse a year ago has led to new risks for Switzerland, as highlighted by the OECD. Authorities are still addressing vulnerabilities in the banking sector post the takeover, with concerns about the impact on competition and stability.
It’s been a year since UBS rescued its once-great rival Credit Suisse. Can the Swiss banking behemoth make a success of its wealth business? https://t.co/QXsThAwH6k https://t.co/hs4LvklYQ6
From @Breakingviews: Credit Suisse collapsed into the arms of its local rival a year ago. While UBS took the best bits, other beasts of the investment banking jungle carved up the carcass. @peter_tl wonders if survivors will be restrained without an erratic competitor #BVTV https://t.co/C68T9jmsmS
A YEAR ON FROM CREDIT SUISSE'S RESCUE, BANKS REMAIN VULNERABLE (Reuters) A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders' vulnerabilities - including in Switzerland, where the bank's takeover by rival UBS created a… https://t.co/fXeMGG3Gyp
UBS's rescue of Credit Suisse has created new risks for Switzerland, the OECD has said.
UBS’s rescue of Credit Suisse has created new risks for Switzerland, OECD says https://t.co/IXNN5Fwohe