As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies' desire to spread their business.
UBS analysts have provided insights into the key questions investors face in the second half of 2024 and into 2025.
UBS's CEO on Tuesday hit out at suggestions Switzerland should set tougher regulations for the bank after its 2023 takeover of Credit Suisse, saying "fear" and "populist" critics were doing down the business and the country's own prospects. Speaking as the government and regulators mull plans to make the bank hold more capital, UBS CEO Sergio Ermotti told an event at the Institute for Swiss Economic Policy in Lucerne that UBS was not only a major source of tax revenue for public coffers, but also a "beacon" for the Swiss finance industry. "The demise of Credit Suisse should not be taken to mean that the only remaining major bank has to pay the price and should be penalized for its global significance," Ermotti said.