Senior Swiss lawmaker: UBS-Credit Suisse merger is an enormous risk

Dhwani Mehta FXStreet

Senior Swiss lawmaker warned on Monday that “the UBS-Credit Suisse merger is an enormous risk.”

“The newly merged bank is too big for Switzerland to handle,” the lawmaker noted.

Market reaction

These comments only deepen the market fears over the banking sector crisis. The European equities are seeing a negative start to the week while the US S&P 500 futures are down 0.54% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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