CS Switzerland is disappearing: will homeowners have to cry for it? That’s what the experts say
With CS Schweiz, one of the largest providers is exiting the mortgage market – will interest rates rise as a result?
UBS CEO Sergio Ermotti has confirmed what he had repeatedly hinted at: Credit Suisse Switzerland will be completely taken over by UBS, there will be no spin-off, and CS Switzerland will not become independent. It will be merged into UBS over the next two years. The brand is also likely to disappear. Ermotti explains: The bank would not have been able to survive on its own.