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The answer is absolutely not, for many reasons. I’ll cite the simplest reason, which is regulatory and statutory. We now own 9.8% of the bank — if we go above 10% all kinds of new rules kick in, whether be it by our regulator or the European regulator or the Swiss regulator, we’re not inclined to get into a new regulatory regime.
Found on CNN 1 year ago
We are happy with the plan, the transformation plan that they have put forward. It is a very strong bank, i don’t think they will need extra money; if you look at their ratios, they’re fine. And they operate under a strong regulatory regime in Switzerland and in other countries.
Found on CNN 1 year ago
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