Bloomberg News

Levrat Seeks Swiss Proprietary Trading Ban, SonntagsZeitung Says

October 16, 2011

Oct. 16 (Bloomberg) -- Christian Levrat, head of Switzerland’s Social Democratic Party, said he will propose legislation to ban proprietary trading at the country’s largest banks, including UBS AG and Credit Suisse Group AG, SonntagsZeitung reported, citing an interview.

Levrat said the lenders should reduce their investment- banking operations to a minimum, the newspaper reported.

--Editors: David McQuaid, Steve Bailey

To contact the reporter on this story: Richard Weiss in Frankfurt at rweiss5@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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