US EditionUBS Cedes Top Spot Among Continental Europe’s Banks
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UBS Cedes Top Spot Among Continental Europe’s Banks
Since tariffs roiled markets on April 2, UBS’s share price has fallen more steeply than any of its European peers, allowing a Spanish lender to overtake the Swiss bank in market capitalization. Since US President Donald Trump imposed import tariffs on April 2, UBS shares have tumbled roughly 14 percent, while Spain’s Banco Santander has slid by only about 5 percent. By the close of trading last week, Santander’s market capitalization stood at ap…
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