Foreign banks target Switzerland after UBS takeover of Credit Suisse

ZURICH, June 24 (Reuters) – As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies’ desire to spread their business.

France’s BNP Paribas (BNPP.PA), opens new tab, Deutsche Bank (DBKGn.DE), opens new tab and U.S. lenders Citi (C.N), opens new tab and Bank of America (BAC.N), opens new tab are among those increasing staffing and courting smaller companies that form the bedrock of the Swiss economy.