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Banks: fewer and fewer, bigger and bigger Trend RSI Info

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Published on May 16, 2024

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The acquisition of Credit Suisse by UBS was the latest major step on a path that had already been underway for years. The trend towards concentration in the Swiss banking sector has been underway for a long time and has led to credit institutions decreasing in number and increasing in size. Small banks, which are more burdened by administrative and IT costs, are less competitive. Not to mention that customers generally trust large banks more. And now there is a major competitor, UBS, in a dominant position that will have to be assessed by FINMA. However, mergers and acquisitions also mean job losses. And yet new players offering financial services are appearing on the market. But traditional banks are also looking for candidates because there will be a strong generational turnover in the next ten years. But what profiles will be most sought after in the future? At least one thing is certain: the digitalization process will require a lot of IT specialists. RSI Info is the information channel of Italian-speaking Switzerland that helps you understand events through reliable information, the sharing of targeted insights and authoritative content. In addition to the normal flow of news, RSI Info keeps you updated on: consumers, territory, economy and finance, climate and environment, nature and animals, science and technology, politics, health, culture and entertainment, and integration. Follow RSI Info on: SITE: https://www.rsi.ch/info/ PLAY: https://www.rsi.ch/play/tv FACEBOOK: / rsiinfo INSTAGRAM: / rsiinfo

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