Credit Suisse crisis showed stability can erode quickly, minister says
ReutersMay 27, 2025 8:29 AM
ZURICH, May 27 (Reuters) - The crisis which brought down Swiss bank Credit Suisse in 2023 showed how quickly stability can be eroded, Swiss Economy Minister Guy Parmelin said on Tuesday.
Parmelin was speaking a few days before the government is expected to set out proposals aimed at making UBS UBSG.S - which acquired Credit Suisse when its old rival collapsed - more robust by having to meet stricter capital requirements.
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