Grossbanken Profitability Bounces, But Outlook Mixed

Switzerland's banking system looks set to enjoy broad stability as cantonal banks maintain their conservative lending practices while conditions for the two grossbanken, UBS and Credit Suisse, continue to slowly improve. Indeed, both big banks' profitability has bounced back while balance sheets have been repaired. Despite significant systemic tail risks emanating from sovereign conditions in peripheral Europe, we believe Credit Suisse in particular is well positioned for the years ahead.

To read the full article, please choose one of the following options: