Gallen or Zug: everywhere, business news is produced either in Zurich or in Aarau. In two central editorial offices. And from these, the same old mush, either mixed up by the newspaper itself or simply taken over from the news agency, then pours out into the country.
So what, you might say, after all, CS made a profit, reported in practically all the daily newspapers in German-speaking Switzerland? Well, let's quote the lone fighter Lukas Hässig, the "Journalist of the Year", who romania rcs data headlined his financial blog "Inside Paradeplatz": "Thiam receives super bonus for super bankruptcy". That's another way of looking at it, after all, the bank clearly missed its profit targets in Asia and massively missed its trading business (Global Markets): 2.9 billion was the target, but in the last quarter of 2018 it instead made a loss of 200 million, and over the year it made a mini-profit of a measly 150 million. And the important cost/income ratio, i.e. how much the bank has to spend to earn one franc, is 96 centimes here, an abysmal figure.
That is certainly not the only objective truth. But how is a responsible citizen, who may not be quite able to assess a bank's balance sheet, supposed to form his own opinion? In the run-up to the annual accounts of the two major banks UBS and Credit Suisse, which are due to be published, their leaders were allowed to give interviews as a favor; both Sergio Ermotti, the CEO of UBS, and Urs Rohner, the Chairman of the Board of Directors of CS, were able to speak to CH Media about whatever came to mind, unmolested by critical questions.