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IMF Backs Swiss Bank Reform Push Amid UBS Capital Standoff

Summary by Bloomberg
Switzerland’s planned financial regulation reforms are “bold” and should make the country more resistant to crises, the International Monetary Fund said, giving tacit support to the government in its standoff over capital with UBS Group AG.

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IMF urges Swiss to strengthen bank resilience

The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws exposed by the collapse of Credit Suisse.

As Americans and the EU take us in pliers, we would never be able to love and support our economy again. 50 years ago, the young people no longer know, the young people rushed outside the doors of the Swiss banking companies to make a career there. The banks chose the best apprentices first, which everyone was pleased with. [...]

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Despite continuing uncertainties, the International Monetary Fund (IMF) is quite optimistic about the prospects for the Swiss economy.

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Bloomberg broke the news in United States on Tuesday, July 1, 2025.
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