UBS plans to close most Russian bank accounts in Credit Suisse – media
Pravda Ukraine
UBS, the biggest Swiss bank, is planning to give up the majority of Russian clients of the Credit Suisse financial group. The bank considers the risks of working with such clients to be too high.
Source: NZZ Magazin
The sources of NZZ report that unlike Credit Suisse, UBS has always been cautious about Russian business and considered it suspicious.