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
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
                1
    2 3 4 5 6 7 8
    9 10 11 12 13 14 15
    16 17 18 19 20 21 22
    23 24 25 26 27 28 29
    30 31