Swiss Banking Industry Shaken by Credit Suisse Fallout.

The UBS takeover of Credit Suisse has shaken Switzerland's self-image and reputation as a global financial center, with analysts warning that the country's prosperity could grow too dependent on a single banking behemoth. The uncertain future of a union of Switzerland's two global banks comes at a thorny time for Swiss identity, built nearly as much on a self-image of finesse in finance as on know-how with chocolate, watchmaking, and cheese.