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Article: Ospel comes up smelling of roses.
- Article from:
- Financial News
- Article date:
- November 17, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ian Kerr
Turn the clock back five years. Imagine that you are walking through the Paradeplatz in Zurich. You contemplate a coffee at Sprungli or a glass of champagne at the Savoy Baur en Ville. A table for lunch has been reserved for you in the grill room at the Hotel Baur au Lac. As you pass the imposing headquarters of Switzerland's two largest banks, you wonder whether fuddy-duddy old UBS will ever be able to catch up with the swashbuckling Credit Suisse.In 1997 that was the reality of Swiss banking. Credit Suisse was the undisputed leader. Yes, it was aggressive but, with markets on a roll, almost every spin of the wheel produced another jackpot. ...
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