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public aid to ubs benefits big bank shareholders according to study
Sergio Rossi, a professor at the University of Fribourg, discusses the implications of public aid to UBS, highlighting that a recent study indicates the funds primarily benefited large bank shareholders. This raises questions about the true beneficiaries of such financial support.
swiss citizens bury gold in gardens amid economic uncertainty
In Switzerland, an estimated ten tonnes of gold, worth around CHF 750 million, is believed to be buried in gardens, reflecting a deep-seated distrust in banks. A study reveals that 22% of Swiss respondents own gold, with many opting for home storage over bank deposits, driven by concerns over inflation and economic stability.
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