Switzerland Eyes Downsizing Banks

19 Jun 2009

The Swiss National Bank has set its sights on downsizing some of the country’s largest banking groups such as UBS and Credit Suisse.

The Swiss National Bank has set its sights on downsizing some of the country’s largest banking groups such as UBS and Credit Suisse. Philipp Hildebrand, vice chairman of the central bank, said there are advantages to large banks but that that there is empirical evidences those institutions can ...

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