Concerns have been raised by two key UBS shareholders, as reported by Reuters, regarding the bank's size and potential regulatory issues following its integration with Credit Suisse. Despite these concerns, Swiss National Bank Chairman Thomas Jordan has dismissed the worries as 'over the top,' stating that inflation is expected to rise slightly but remain below 2% in 2024. Jordan also believes that fears about UBS being too large for Switzerland are exaggerated.
Worries that UBS is now too big for #Switzerland are exaggerated, according to the country’s central bank chief https://t.co/6VDOGJylIK via @business @bbenrath
Swiss inflation probably accelerated this month, but stayed within the Swiss National Bank’s target range, according to President Thomas Jordan https://t.co/x9R2UxMrLF via @economics @bbenrath
Worries of Too Large UBS Are ‘Over the Top,’ SNB’s Jordan Says https://t.co/Ot5Veajo1v
Worries of Too Large UBS Are ‘Over the Top,’ SNB’s Jordan Says https://t.co/28DhIBAcOG
SNB’s Jordan Says Swiss Inflation Faster But Below 2% https://t.co/xzdfS3MDoT
Exclusive: Two key UBS investors worry about bank's size, regulatory friction https://t.co/V2Td6H50M9 https://t.co/peOIR2kvYG
Swiss National Bank's Jordan: Inflation Should Be Below 2% In 2024
🔴 SNB'S CHAIRMAN JORDAN: OUR EXPECTATION IS THAT INFLATION WILL AGAIN RISE A LITTLE.
Someone is worried about UBS. https://t.co/vEVPXEo7jM
⚠️ EXCLUSIVE-TWO KEY UBS INVESTORS WORRY ABOUT BANK'S SIZE, REGULATORY FRICTION (Reuters) UBS is forging ahead with its integration of Credit Suisse but two key investors fear the Swiss bank could be on a collision course with regulators because of its size. UBS took over its…
TWO KEY UBS SHAREHOLDERS SAY WORRIED ABOUT BANK'S SIZE, REGULATORY FRICTION - RTRS