Observations
Jul 16, 2024As reported by the Financial Times, UBS CEO Sergio Ermotti and Chair Colm Kelleher recently voiced strong criticisms targeting Switzerland's finance establishment in a company-wide staff meeting, accusing authorities of punishing the lender for Credit Suisse's failure.
Observations
Oct 23, 2023Earlier this month, the Financial Stability Board (FSB) published its report of "lessons to be learnt" from the failure of Credit Suisse. Therein, the FSB addresses tensions at the heart of Swiss regulators' decision to use public money to back the emergency rescue of Credit Suisse.
