Most Swiss Banks Seen Needing State Aid

12 Sep 2011

Most Swiss banks—except for the country’s two largest, Credit Suisse and UBS—will likely need state aid as they find it harder to raise capital as a result of falling share prices, according to Oswald Gruebel, ceo of UBS.

Most Swiss banks—except for the country’s two largest, Credit Suisse and UBS—will likely need state aid as they find it harder to raise capital as a result of falling share prices, according to Oswald Gruebel, ceo of UBS. Gruebel said his bank and Credit Suisse are now less ...

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