Former Swiss finance minister warns about size of enlarged UBS, newspaper says

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ZURICH, Jan 11 — UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swis...

Maurer said if the capital requirements were too high, Swiss banks would no longer be competitive and may look to be based elsewhere.“For the Swiss economy with its many international multi-nationals, a large bank is a locational advantage,” he said.“But risks must be minimised.

Should the bank fail, there are no local rivals left to absorb it, while the cost of nationalisation could severely damage public finances, experts have warned.

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Category: EconomyBusiness

Markets: MalaysiaSwitzerland

Topics: Ubs Too big Credit suisse Ueli Maurer

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-11 @ 17:02:54 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 315 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 35 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 25060190

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