UBS will finally have to get a grip

After a near collapse during the GFC, UBS fell right back into the same pattern of taking too little interest in its own risks. Now the bank will be forced to change.

"If you see a Swiss banker jumping out of a window, follow him. There is sure to be a profit in it,” Voltaire is once said to have remarked. These days, no action by a Swiss banker should be taken on trust.


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