How to tame UBS without making the bank toothless
The Swiss government has started the ball rolling on mission impossible: reducing the threat UBS poses to the Swiss economy without rendering the bank ineffective on the global stage. Since taking over failed rival Credit Suisse last year, UBS has become Switzerland’s sole surviving global bank – capable of bringing down the country’s economy if it collapses. The bank employs thousands of workers, is a major issuer of mortgage loans and provides services to many Swiss businesses. The Federal Council... Читать дальше...