sonntagszeitung

UBS chief says Swiss government is leaving banks exposed

Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sunday. Since the financial crisis, cash-strapped governments around the world have clamped down on tax evasion, with authorities investigating Swiss banks in Germany, France and the United States. “This is unacceptable and opens the door for a new offensive against Swiss banks,” he told the paper, adding that the government…

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UBS chief says Swiss government is leaving banks exposed

sonntagszeitung

VW not under pressure to sell trucks business: trucks chief tells paper

Volkswagen is not under pressure to sell its trucks business to raise cash as it faces billions of euros in costs after admitting to rigging emissions tests, management board member Andreas Renschler told a German newspaper. “The operating results of the Volkswagen group are good, despite everything. There won't be a fire sale,” Renschler, who also heads the trucks business at VW, was quoted as

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VW not under pressure to sell trucks business: trucks chief tells paper