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| The funny bit was referring to the fact that the Swiss didn't object to the Americans, but were up in arms about the Germans when it came to "bank secrecy"... Neither UBS nor CS will exit the American market -- trust me, especially since CS bought out First Boston long ago. UBS is still here too! | |
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Let's say, a source close to the matter told me that they are seriously considering an exit..... especially now, as they are also reconsidering the i-banking activities it might make sense to combine an i-banking exit with an exit from the NA market and only focus on offshore banking for American clients. However, as I said that was some time ago - not sure what the latest thinking is around that.