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Is Switzerland losing its place in the world?
The case
It was a remarkably blunt public warning from the top of Switzerland’s biggest bank. UBS chair Colm Kelleher declared last month that Switzerland was “losing its lustre” and had reached a “crossroads with major challenges”.
Source: Mercedes Ruehl, Financial Times & swissinfo
The commentary
As evidence, Colm Kelleher cited fierce competition in wealth management, US tariffs that have hit pharmaceuticals and other export sectors, and a regulatory environment that he regards as increasingly out of sync with more liberal regimes. For more see link.
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