Credit Suisse Group AG Chief Executive Officer Brady Dougan, caught off guard last week when the Swiss central bank said he must raise capital faster, faces mounting public criticism and dissent from employees.
Oswald Gruebel, chief executive officer of UBS AG, is facing a credibility gap: analysts and investors don’t take his profit target seriously.
A year after European officials bailed out Greece, investors say the region’s banks haven’t raised sufficient capital or cut loans enough to withstand the contagion that may follow a default.
UBS AG , Switzerland’s biggest bank, reported the highest quarterly profit in almost three years as debt trading rebounded.
Credit Suisse Group AG , Switzerland’s second-largest bank, may report lower second-quarter earnings tomorrow, after Europe’s sovereign-debt crisis made clients more reluctant to trade.
Swiss private bankers are pursuing acquisitions to boost profits as punitive tax agreements make the nation less attractive for rich foreign clients.
The price of options to protect against losses in Deutsche Bank AG shares is rising more than any other European lender as Germany leads the rescue of nations in the region’s shared currency.
"UBS made it clear that it will focus on private banking."
- Florian Esterer on Apr 22, 2013
Esterer Says Greece Must Stabilize Before Restructuring