BBCNEWS Newsday June 4, 2024 23:04:00
But i think also if you look globally, there is going to be a lot of scrutiny now. these are both globally important banks. now it will be just ubs. what is going to happen with the investment sector? with the wealth management sector? further down the line, given that this meltdown seemed to take the swiss financial regulators by surprise, what does it mean for switzerland's reputation for being a safe place to invest your money? this is a catastrophe, frankly, not just for credit suisse but for the swiss financial sector. i'm joined now by william lee, chief economist at the milken institute...