So far, the trading scandal doesn't appear to have significantly hurt the confidence of UBS's wealthy clients, who had pulled hundreds of millions of francs from the bank in 2008 and 2009 after Swiss authorities had to bail out UBS following about $50 billion in securities write-downs. A bruising tax evasion battle with the U.S. also drove clients away. UBS only managed to stem the exodus of clients late last year. [WSJ]
Credit Suisse Investing In Spy Technology In Hopes Of Preventing Headlines Like "Rogue Credit Suisse Trader Loses $7.8 Billion"
You can sort of see where they're coming from?