UBS / Credit Suisse – This bank merger is a mistake – Economy

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Caspar Buses

Karin Keller-Sutter has a problem, like many people and companies in Switzerland now. The Swiss Finance Minister said on Sunday evening that she had previously been a customer of both UBS and Credit Suisse and, like many others, she had an account with both institutions. This will soon be over. Since this Sunday it has been clear: in the near future there will only be one large bank in Switzerland. Under massive government pressure, UBS is taking over its ailing competitor Credit Suisse.

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