UBS, Deutsche Bank, and BNP Paribas Strengthen Position in Swiss Debt Market After Credit Suisse Collapse

In the aftermath of Credit Suisse’s collapse, several major banks, including UBS Group AG, Deutsche Bank AG, and BNP Paribas SA, have seized the opportunity within the Swiss franc market. This market, characterized by lower borrowing costs compared to the euro area, has witnessed debt sales totaling 46.5 billion Swiss francs.

UBS has established itself as a leading force in this revitalized market, capturing a 41% share this year. Additionally, Deutsche Bank has expanded its market presence significantly, coinciding with Fresenius SE’s recent bond issuance of 275 million Swiss francs. To further solidify its position, Deutsche Bank is enhancing its Zurich team by making new hires.

Zuercher Kantonalbank and Raiffeisen Switzerland have also maintained their steady market shares. Despite rising yields, the primary market has shown resilience, as highlighted by Markus Thoeny from Lombard Odier Asset Management. The Swiss franc’s strong performance against the euro has also been noteworthy.

This shift in the dynamics of the Swiss franc market follows the downfall of Credit Suisse and points to a competitive environment for Swiss debt, as major banks compete for increased market shares.

This article was generated with the support of AI and reviewed by an editor.