Experts call for restructured UBS and Credit Suisse

23rd April 2010, Comments 0 comments

A commission appointed by the federal government says Switzerlands two biggest banks should be reorganized so they pose less of a risk to the countrys economy in any future financial crisis. The panels interim report on financial institutions too big to fail stops short of calling for a break-up of UBS and Credit Suisse but says their businesses should be rejigged so that operations critical to Swiss needs are safeguarded.

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