Regulatory Handcuffs Will 'Kill 30% Of Swiss Banks' – ValueWalk Premium
Swiss Banks

Regulatory Handcuffs Will 'Kill 30% Of Swiss Banks'

Regulatory Handcuffs Will 'Kill 30% Of Swiss Banks' by Matthew Allen, SwissInfo.ch

Up to 30% of Swiss banks will be smothered to death under the weight of increasingly draconian regulations within the next five years, UBS bank’s chief executive Sergio Ermotti has warned at a financial industry conference in Bern.

Every year, regulations drain the Swiss economy of 10% of its gross . . .

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