Switzerland Commercial Banking Report Q3 2012 - New Market Research Report
BMI View: We reiterate that Swiss banks will continue to face significant challenges in the coming quarters, which will weigh on their asset growth and profitability. In addition to tougher regulatory requirements, a precarious global growth outlook, and the ongoing eurozone sovereign debt crisis, many Swiss banks now face the additional risk of indictment by the US authorities over aiding tax fraud. In line with our long-held view that the Swiss banking sector is set to face a growing number...
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