By John Revill ZURICH (Reuters) – Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS, notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a blow to the bank’s efforts to show it is not abusing its market dominance. UBS has been under close scrutiny since...
Tag: Swiss francs
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UBS vows to uphold loan volumes in Switzerland of more than $400 billion
ZURICH (Reuters) – UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering speculation it could trim domestic loan volumes. UBS’ Switzerland country head Sabine Keller-Busse said the bank’s commitment to its domestic market was unwavering,...
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UBS vows to uphold loan volumes in Switzerland of more than $400 billion
ZURICH (Reuters) – UBS will continue to provide around 350 billion Swiss francs ($414 billion) of loans to its home market, a senior executive at the Swiss bank said on Wednesday, countering speculation it could trim domestic loan volumes. UBS’ Switzerland country head Sabine Keller-Busse said the bank’s commitment to its domestic market was unwavering,...
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Swiss forecast higher budget deficits as military spending rises
ZURICH (Reuters) – Switzerland’s budget deficit will likely rise over the next four years, the government said on Thursday, as it increases spending on military equipment and makes efforts to reduce carbon emissions. An expected annual deficit of 729 million Swiss francs ($856 million) in 2025 will rise to 2.54 billion francs by 2028 as...
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SocGen to sell UK, Swiss private bank units for about $1 billion
By Sudip Kar-Gupta and Mathieu Rosemain PARIS (Reuters) -Societe Generale has agreed to sell its British and Swiss private banking units to Switzerland’s Union Bancaire Privee (UBP) for 900 million euros ($984 million) the French bank said on Monday as it speeds up its asset sale program. SocGen said the divisions being sold – SG...