Commentary
When someone says Switzerland, you might think of clocks and banks. All because of the country’s reputation for producing a high-quality products in all these areas of endeavour.
Well, it’s time to think again as the clock is ticking, if not tocked, on Switzerland’s banking sector.
Credit Suisse, which had an enviable reputation as part of the world-class Swiss banking sector, is, in effect, no longer part of the zeitgeist, courtesy to decision-making, which should be a lesson to all.
Having once promoted itself as a leading financial services company advising clients in all aspects of finance across the globe and around the clock, Credit Suisse stands no more, having been humiliatingly bought out by its rival UBS….