Shrink UBS to size! Critical comments on the Swis
Critical comments on the Swiss mega-bank
by René Zeyer*
(22 November 2024) There is a lot that speaks for it, but one thing speaks against it: The greed of the Kelleher-Ermotti duo. Or are the two of them making a cucumber salad out of the state? UBS has become a monster bank after the incorporation of Credit Suisse at a bargain price. It is not only “much too big to fail”. With total assets twice the size of Switzerland’s GDP, it poses the greatest threat to the existence of the Swiss Confederation since the Second World War. Evidently, there is no awareness of this problem at the top management level – or it is being ignored deliberately.