Former Swiss finance minister warns about size of enlarged UBS, newspaper says
Published on: Friday 10 January 2025
ZURICH (Reuters) -UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss Finance Minister Ueli Maurer said on Saturday, with measures needed to reduce the risks of the enlarged bank. "If you look at the numbers alone and compare UBS with the Swiss economy, it is too big," Maurer told newspaper Tages-Anzeiger. Reducing risks was primarily the responsibility of shareholders via their choice of board members, Maurer said.
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