UBS AG Chairman Axel Weber

UBS AG Chairman Axel Weber

Simon Dawson/Bloomberg

UBS AG Chairman Axel Weber said, “Where I still see a problem is the unequal treatment of the different banks. For some banks, the two largest banks in Cyprus, you will see a major impact on deposits above 100,000 euros. That raises a whole lot of legal issues because equal treatment in the European Union is one thing that is very frequently gone to as a legal norm.”