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cantonal banks face scrutiny over state guarantees and tax advantages

The disappearance of cantonal banks in Solothurn and Ausserrhoden in the 1990s had no lasting negative impact on financial services for the population, according to Avenir Suisse. The think tank highlights that state guarantees and tax exemptions for cantonal banks distort competition, create liability risks, and lead to inaccuracies in national financial equalization calculations. It advocates for reforming these banks to enhance stability and competitiveness in the Swiss financial system.
finews.ch
Swiss Franc CHE Lukas Schmid Remo Taudien Cyril Monnet Sergio Ermotti Dirk Niepelt Show more
Finance & Economy, News Article
05:01 26.02.2025
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