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UBS-Credit Suisse deal dents Swiss banking’s reputation, hedge funds say
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Hedge fund managers see UBS’ rescue deal for rival Credit Suisse as a dent in Switzerland’s reputation as a banking hub.
While the deal announced on 19 March saved Credit Suisse from going bust, it has not reflected well on the country's prize sector, Suman Bannerjee, chief investment officer at hedge fund Hedonova, said.
"The UBS-Credit Suisse...
Read more on fnlondon.comAbout this in other media
UBS’ investment bank could slump to $2bn loss after Credit Suisse deal, Jefferies’ analysts predict fnlondon.com /1 year ago
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UBS Asset Management faces ‘thorny legacy issues’ and culture headaches after Credit Suisse deal fnlondon.com /1 year ago
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