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Tension is rising between UBS and Swiss industrial companies, with a recent Swissmem survey revealing that nearly 25% of firms report worsening business conditions, particularly in credit. Two-thirds of respondents are considering ending their relationship with UBS, citing a lack of alternatives despite the bank's significant market presence. Swissmem's leadership expresses disappointment, highlighting a shift as companies seek cheaper banking options amid challenging economic conditions.
UBS, shielded by legal protections, faces criticism for declining service quality, with 23% of surveyed clients expressing dissatisfaction. The Competition Commission can only act retrospectively, making it difficult to address current market dominance issues, prompting calls for reform in Swiss antitrust law to better monitor complex markets.
UBS faces criticism from industry leaders over declining credit conditions and service quality post-Credit Suisse takeover, yet remains largely insulated from complaints due to Swiss competition law. Experts argue that current regulations are outdated and call for reforms, including the introduction of sector inquiries to better address market dynamics.
Martin Hirzel
People
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