No Immunity for Switzerland
Take back what we said in September. This week’s nauseous lurch by UBS highlights the fact that, no matter how cosy they look, even the the big Swiss banks are not immune from globalisation. Credit Suisse are none too happy either, also reporting “adverse results” though nothing as as spectacular as UBS’s hiccup.
The rot began […]
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Posted on October 3rd, 2007 by Banker
Filed under: Offshore Banking News, Swiss Banking | 1 Comment »