Riddle remains of how to “defuse” giant banksGuest Post
by Matthew Allen, swissinfo.ch
November 15, 2013 - 11:00
The successful conclusion of UBS’s state bailout has failed to quell an intensifying political and public debate on how to prevent Switzerland’s largest banks from threatening the national economy again.
Swiss taxpayers are still haunted by the memory of being forced to shoulder the risk of rescuing UBS during the 2008 financial crisis. Despite realising an eventual financial gain from the bailout, many still fear negative consequences if there is a repeat act. Two recent parliamentary motions, designed to further restrain the biggest banks, as well as controversial . . .
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