UBS Challenges Switzerland Capital Requirements

26 days ago

Chloe Melle

"UBS has reiterated its critique of Switzerland's plan to increase its capital requirements. It said that would really hurt competitiveness and that it would put its future in doubt. The CEO confirmed there is no discussion of any compromise with the Swiss government."

UBS is warning that the increased capital requirements, estimated at $26 billion, could jeopardize its competitiveness in Switzerland. The bank has signalled strong resistance to potential reforms, even hinting at relocating its headquarters if demands remain unchanged.

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