UBS Warns of Capital Requirement Impact and Potential HQ Move

26 days ago

Bloomberg Reporter Khloe Mele

"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. One of the main shareholders, Seven Capital, actually said that the bank had no other choice but to either leave Switzerland or be acquired by a competitor if the reforms are implemented as they are."

UBS is raising concerns over Switzerland's new capital requirements that could force significant strategic changes, including a potential move of its headquarters. The strong language indicates worry over competitive positioning amid expensive regulatory demands.

Related Stocks