Swiss Nix Effort To Ban I-Banking At UBS, CS

20 Sep 2011

Lawmakers in Switzerland’s lower house of Parliament rejected a bid by left-wing Social Democrats to bar UBS and Credit Suisse from engaging in investment banking.

Lawmakers in Switzerland’s lower house of Parliament rejected a bid by left-wing Social Democrats to bar UBS and Credit Suisse from engaging in investment banking. The proposal, prompted by UBS’ unauthorized-trading scandal, was defeated by Parliament 55-42. Meanwhile, the right-wing Swiss People’s Party has called for UBS and ...

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