UBS upbeat as Swiss regulator warns of curbs
SWITZERLAND’S two global banks UBS and Credit Suisse may face tighter regulation than other domestic and international competitors, the country’s banking regulator FINMA said yesterday.
But the bank hit back, as chief financial officer John Cryan said underlying performance was getting better.
“I’m more bullish on UBS than I have been for a couple of years,” said Cryan, adding that the investment bank was doing particularly well.