Posted on 04/27/2024 12:02:58 PM PDT by RomanSoldier19
UBS Group Chairman Colm Kelleher on Wednesday said that the Swiss bank is "not too big to fail," as he criticized Swiss government proposals to strengthen its capital requirements. "UBS is not too big to fail. UBS is one of the best capitalized banks in Europe, with a sustainable business model and a corresponding low-risk balance sheet," Kelleher said. The Swiss government earlier this month made a range of recommendations aimed at protecting the wider economy from potential instability at UBS and three other major banks.
(Excerpt) Read more at msn.com ...
What were the three other major banks besides UBS?
One list of systemically important banks showed
Raiffeisen
PostFinance
Zurich Cantonal Bank
Most lists I’ve found are out of date and still show Credit Suisse, so there is some question in my mind how accurate the lists are.
There are some large private banks.
Adding to my prior post - the next three combined aren’t as big as USB.
Thx
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.