Source: Reuters (via feed)
UBS CEO Sergio Ermotti said on Thursday that much of the trust Switzerland gained from managing the Credit Suisse crisis three years ago has been jeopardised. He said this was due to a focus on risks and fears in the subsequent regulatory debate. Ermotti made these remarks during comments about the banking sector.
BizTrendWire Insight:
UBS CEO’s statement reflects a view on the effect of the regulatory debate on Switzerland’s banking reputation.
UBS CEO’s statement reflects a view on the effect of the regulatory debate on Switzerland’s banking reputation.
