The Unwavering Strength of UBS**
The Unwavering Strength of UBS**In a resounding statement, UBS Group Chairman Colm Kelleher has categorically refuted any notion that the Swiss banking behemoth is “too big to fail,” a bold declaration that echoes the bank’s unwavering commitment to financial stability.
- Challenging Government Proposals:
Kelleher’s incisive comments came during the UBS Annual General Meeting, an occasion marking the bank’s first such gathering since its strategic acquisition of Credit Suisse last summer. His address served as a platform to critique the Swiss government’s proposed capital requirements, which he believes would hinder UBS’s unwavering ability to endure economic challenges.
- A Bastion of Financial Strength:
In a voice brimming with confidence, Kelleher asserted, “UBS stands as a towering pillar of financial strength in Europe. Our meticulously crafted business model, coupled with an exceptionally low-risk balance sheet, sets us apart as a paragon of stability. The notion that we could succumb to failure is not only misguided but fundamentally unfounded.”
