UBS chairman's EU blast – 'We are not a European bank, we are a Swiss bank'

UBS chairman's EU blast – 'We are not a European bank, we are a Swiss bank'
 

Axel Weber, a former policymaker at the European Central Bank (ECB), also criticised central banks for veering away from what he said was their main purpose.
Speaking to CNBC at a meeting of the International Fund and World Bank in the US, Mr Weber said European banks are still struggling to balance profitability while dealing with past financial settlements.
He said: “What I usually say when asked about European banks is that we at UBS are not a European bank, we are a Swiss bank and Switzerland is not part of the EU.
“Switzerland is not part of the Union… we have a totally different... read more

 
10 October 2016 in Business, Views: 68
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