2023-07-10 16:01:52
– UBS is going to lose its place of leader
Credit Suisse leaves a big void in the investment banking industry in Switzerland. US banks should soon take over the local market.
Posted today at 6:01 p.m.
US banks might take advantage of the vacuum left by Credit Suisse.
KEYSTONE
For Credit Suisse (CS), its investment bank was the most scandalous business. And yet, everyone is now tearing up what’s left. Including UBS. “In the Swiss investment banking sector, one plus one is not two. For UBS, there will probably remain a quarter of the activities taken over from CS”, say one among market connoisseurs. This was reported by an informed source to “Finanz und Wirtschaft” (FuW).
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