Questions that are no longer rarely asked

Why would you leave your money in UBS?

I’m not a close observer of the company, but I have to wonder how they would now describe their business model to a new and eager customer.  Bernard Bauhofer had a funny way of putting it:

The big question is whether high net worth individuals are
willing to stay with an institution incapable of surviving on its

Meanwhile, over at the state-owned bank:      

Clients seeking to open an account last week at ZKB’s
central branch on Bahnhofstrasse in Zurich, a block from UBS’s
headquarters, had to wait as long as an hour. "We don’t know what to do with all the money right now,”
ZKB spokesman Urs Ackermann said.    


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