Swiss Finance Minister Karin Keller-Sutter says UBS taking over Credit Suisse is not a bailout. She speaks in Bern, Switzerland. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more )
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Swiss Finance Minister Ueli Maurer recently made a statement about the possible merger of two of Switzerland's largest banks – UBS and Credit Suisse. Maurer said that UBS buying Credit Suisse is not a bailout, as many have speculated. The merger has been a hot topic in the Swiss banking sector for months. Many believe that the merger would create a banking behemoth that would inevitably require government assistance in the event of a financial crisis. However, Maurer dismi...
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