GENEVA: The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown but the size of the resulting megabank could cause domestic problems in Switzerland, the central bank admitted on Thursday.
The Swiss National Bank, which played matchmaker in Sunday's takeover of Credit Suisse, said the formation of one giant bank in Switzerland would create competition issues that would need addressing carefully.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.