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Credit Suisse Fallout

Credit Suisse Takeover Hands Swiss Business a Big Headache

  • Corporates like Clariant, Stadler worry over banking monopoly
  • UBS has said it wants to hold on to Credit Suisse local unit

UBS Group AG’s emergency buyout of Credit Suisse Group AG threatens to drastically shrink the financing options for small and mid-sized companies, after the demise of a 166-year-old champion of Swiss entrepreneurship.

While smaller cantonal lenders and cooperative banks offer a counterbalance to UBS in retail banking and the Swiss mortgage market, Credit Suisse has long been the market leader in serving companies’ more complex needs.