A merger between Credit Suisse and Switzerland’s largest bank, UBS, could be fraught with risks as it would become a superbank with far more serious consequences in the event of a collapse. Funke about this newspaper declaration Marcel Fratscher, Head of the German Institute for Economic Research.
“The Swiss government is taking a huge risk. The merger of two such large financial institutions creates a huge bank, which in the event of a conditional collapse will cause an unstable situation throughout the country – Fratcher.
In his view, such a decision could only show how desperate the government is at the moment and how great are the risks of Credit Suisse’s bankruptcy.
March 17, shareholders of the Swiss banking group Credit Suisse in the USA filed Lawsuit against a credit institution and its management on charges of violating US securities laws. The plaintiffs accused the Swiss credit institution of misleading investors, as Credit Suisse failed to disclose information about the current decline in liquidity and the vulnerability in internal control to the decline in the value of the company’s securities.
Source: Gazeta
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