Swiss Move to End Bank Proprietary Trading

by Martin Armstrong
Armstrong Economics

While Goldman Sachs is trying to launch TV ads championing their efforts to fund companies, they still cling to their proprietary trading. Now in Switzerland both the right-wing Swiss People’s Party (SVP) and the left-wing are mounting a new efforts to end proprietary trading in UBS and Credit Swiss by breaking up the banks. The Lower-house lawmakers on Monday submitted 3 motions all aimed at separating investment banking activities from traditional banking.

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