The Swiss government-sponsored rescue of Credit Suisse and US bank salvages in March 2023 doused the immediate fires kindled by a run at little-known US regional lender Silicon Valley Bank
"This is the start of a new chapter - for UBS, Switzerland as a financial centre and the global financial industry," UBS CEO Sergio Ermotti and Chairman Colm Kelleher said in an open letter published in Swiss newspapers.
The Swiss government-sponsored rescue of Credit Suisse and US bank salvages in March 2023 doused the immediate fires kindled by a run at little-known US regional lender Silicon Valley Bank
"This is the start of a new chapter - for UBS, Switzerland as a financial centre and the global financial industry," UBS CEO Sergio Ermotti and Chairman Colm Kelleher said in an open letter published in Swiss newspapers.