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Bank Industry Risk Analysis: Swiss Confederation Jul 01
Standard & Poors, July 2001
Abstract
The structure and performance of the Swiss banking system have improved considerably over the past five years. There is a diversity of activity across domestic retail, private, and investment banking, each of which has distinct risk/reward characteristics. All have contributed positively to Swiss banks' risk profiles and finances; profitability has been rising, and balance sheets strengthening. Nevertheless, each of the key areas harbors challenges and threats, which the banks will need to confront. The two entities that form the 'Large Banks' sector, UBS AG (AA+/Stable/A-1+) and Credit Suisse Group (AA-/Stable/A-1+) and subsidiaries, dominate Swiss banking. Domestic merger activity--particularly the fusion of Swiss Bank and Union Bank of Switzerland in 1998 to form UBS--as well as numerous acquisitions have raised the...
Companies mentioned in this report are: Societe Generale,Swiss Confederation (Unsolicited Ratings),Credit Suisse Group AG,HSBC Private Bank (Suisse) S.A.,Swiss National Bank,UBS AG,Aargauische Kantonalbank,Banque Cantonale Vaudoise,Schwyzer Kantonalbank
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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