Poll finds Swiss continue to trust their banks

Three out of four Swiss have confidence in their banks - apart from in the largest banking group, UBS - according to a poll published on Sunday.

This content was published on September 21, 2008 - 13:52

The survey, commissioned by the Sonntagsblick and Il Caffè newspapers found that only 35 per cent of those questioned trusted UBS.

Matthias Kappeler, head of the Isopublic institute that carried out the poll among more than 600 people, said the result was a "vote of no confidence" in the new UBS management.

"The management communicate very badly. The tarnished image will keep the UBS leadership busy for a long time."

Thomas Sutter, a press spokesman at the Swiss Bankers Association, said that basic trust in the banks had not been shaken.

"The Swiss are aware that Switzerland as a financial centre is healthy," he commented.

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