Swiss Finance Minister Says New Rules Needed After Credit Suisse
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Swiss Finance Minister Karin Keller-Sutter said getting UBS Group AG to buy Credit Suisse was the less risky move and that the government must act to ensure that taxpayers are protected in any future banking crises.
“We have to act, we have no other choice,” she said in an interview with Neue Zürcher Zeitung. “We have to ensure that a major bank can go under without, in the worst-case scenario, dragging an entire country into the abyss.”