Finance
UBS Faces Rising Discontent From Swiss Industry, NZZ Says
- Swissmem survey sees doubling of negative responses on UBS
- UBS says price increases reflect economic environment
The UBS Group AG headquarters during renovations in central Zurich.
Photographer: Pascal Mora/BloombergThis article is for subscribers only.
Almost a quarter of Swiss manufacturing and industrial companies have experienced worsening terms on loans or deteriorating service from UBS Group AG since the takeover of Credit Suisse, according to details of a survey published by the Neue Zürcher Zeitung am Sonntag.
The percentage of respondents who gave a negative response to the survey has more than doubled since last year, the newspaper reported. It cited the questionnaire run by Swissmem, the country’s largest lobbying group for manufacturers in the machinery, electrical engineering and metals industry.