Bern / Zurich, Switzerland (GenevaLunch) – Marcel Ospel has told Swiss magazine Blick that he is ready to appear before a Swiss commission to answer questions about the debacle of the bank he headed two years ago, UBS. He has refused to comment or answer questions from political bodies since he left the bank in April 2008.

Political parties have begun wrangling, widely expected in Switzerland, over the US-Swiss agreement which covers UBS providing information to the US about 4,450 client accounts. Parties on the left are lining up to approve it only if pay caps are placed on bankers’ salaries, while the centre-right is arguing in favour of Parliament approving it, to secure the future of Switzerland as a financial centre.

Links to other sites: Blick (Ger), Le Temps (Fre)

Posted by Ellen Wallace on 9 March 2010 at 12:31 | permalink
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News story, GenevaLunch, 9 March 2010.

Filed under: Business

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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.