UBS market strength puts Swiss industry on edge

ZURICH, June 12 (Reuters) – UBS’s (UBSG.S), opens new tab takeover of Credit Suisse has fed a creeping anxiety that Swiss companies will pay a price for the enlarged bank’s outsize market strength.

The historic 2023 deal created a bank with a balance sheet twice the size of the Swiss economy, and at a stroke eliminated one of the two giants of the Swiss banking landscape.

It also narrowed the financing options for the country’s high-cost, highly competitive export-orientated companies, especially with Credit Suisse seen as the bank which supported entrepreneurs in areas like export finance.