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Evrard Bordier, a Geneva-based private banker, argues that the consolidation of banks, exemplified by the rise of mega-UBS, is detrimental to Switzerland. He believes that size does not guarantee profitability and emphasizes the importance of tailored structures and cost discipline. Bordier also laments the loss of Credit Suisse, stating it diminished market diversity and competition in the Swiss financial sector.
Bordier Bank
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concerns raised over mega banks impact on switzerland"s financial landscape
11:18 20.11.2024
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