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The manager who has been leading UBS for almost three years after the acquisition of Credit Suisse outlines the dangers: «Up until now it has always been said: everything is fine, we don’t have to change anything. We were complacent. We even believed we could tell others how to do better. Now we have reached a limit. This can be seen everywhere.” Problems are mounting, whether it is US tariffs, new EU treaties, international competitiveness or foreign policy. “We need to become smarter in how we position Switzerland in foreign policy, manage the effects of demographic developments and invest in innovation.”
