Karin Keller-Sutter and UBS: The Story of Alienation

Neue Zürcher Zeitung

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The big bank warned, lobbyed and drew all registers – but the Federal Council remained tough. The decision stands for a new era in the relationship between banks and politics.

Inside Paradeplatz

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Ownership

The red and green opponents of the Swiss financial centre have not triumphed – after all, we can be grateful for that. No one can really like what the Federal Council decided about the UBS Group. Karin Keller-Sutter, Federal President and Minister of Finance, condemned the last Swiss financial group to an extreme financial bus, with strict controls by the supervisory authority Finma. However, all this is only to be achieved in the coming [...]