Former Swiss finance minister warns about size of enlarged UBS, newspaper says

Former Swiss finance minister warns about size of enlarged UBS, newspaper says

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. “Therefore, the risk must be reduced.” At around $1.7 trillion, UBS’s balance sheet is d…

Switzerland: UBS size worries former finance minister, must reduce risk

Following its takeover of Credit Suisse, some fear UBS is too large and may seek a new home outside Switzerland.

The former Swiss Finance Minister warns of the huge size of UBS

Former Swiss Finance Minister Ueli Maurer said on Saturday that UBS may be seen as too big for Switzerland after its acquisition of Credit Suisse, and that measures must be taken to reduce the risks of the enlarged bank. Maurer told the Tages-Anzeiger newspaper: “If you look at the numbers alone and compare UBS with the Swiss economy, you will find that it is too large, so the risks must be limited.” UBS’s balance sheet is about $1.7 trillion,…

UBS’s Size Sparks Concerns for UK Investors Amid Global Financial Risks

The recent comments from former Swiss Finance Minister Ueli Maurer regarding UBS’s size in relation to the Swiss economy send ripples beyond Switzerland, raising important questions for the UK economy and its investors. The situation serves as a reminder of how interconnected global financial systems are and how the actions of one major player can influence others. UBS’s balance sheet… Source