Governments Now Less Likely to Bail Out Big Lenders, Weber Says
- UBS chairman says Lehman-like chain reaction less likely now
- Big global banks less connected, better capitalized today
UBS Chairman Says Banking System Much More Stable
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Global governments are less likely to come to the rescue of banks than during 2008 financial crisis because the system is more stable, UBS Group AG Chairman Axel Weber said when asked about the prospects of Germany assisting Deutsche Bank AG.
“Interventions in the future will only be driven by the need to stabilize the system and there will be no focus on single players,” Weber, a former president of Germany’s Bundesbank, said in a Bloomberg Television interview with Guy Johnson Wednesday.