Swiss cheese earnings at Swiss Banks!
UBS, Credit Suisse, expected to post downbeat quarterly earnings later this week amid turbulent markets and a new kind of squeeze
ZURICH—Switzerland’s biggest banks—UBS Group AG and Credit Suisse Group AG—are expected to post downbeat quarterly results later this week, as each struggle amid turbulent markets and increasingly strict regulation.
Among the newest challenges: a tightening squeeze due to the country’s negative interest rate policy.
http://www.wsj.com/articles/big-swiss-banks-feel-pain-of-negative-rates-1469548347