Last bank standing: what the new UBS means for Switzerland and Europe

The collapse of Credit Suisse and its takeover by UBS leave Switzerland with a large risk concentration in its one big bank and triggers a new debate on banking resolution at a European level.
Buildings of Swiss banks UBS and Credit Suisse are seen at Paradeplatz in Zurich. | Photo: Denis Balibouse/Reuters/Ritzau Scanpix
Buildings of Swiss banks UBS and Credit Suisse are seen at Paradeplatz in Zurich. | Photo: Denis Balibouse/Reuters/Ritzau Scanpix
BY JÁNOS ALLENBACH-AMMANN

BRUSSELS – The collapse of Credit Suisse and its subsequent takeover by UBS is a watershed moment in Swiss economic history. 

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