UBS Boss Ermotti Makes Clearest Swiss Exit Threat
“We are assessing the long term consequences for our ability to compete out of Switzerland,” Ermotti said in response to an analyst question on Wednesday. Clients“appreciate Switzerland like we do – but a passport is not enough nowadays.”
Fresh from a meeting with Swiss lawmakers on Monday, Ermotti sharpened his language attacking a vote last month that dimmed the bank's hopes of seeing the government's plans for a $16 billion capital hike watered down.
More More Swiss Economy 'Switzerland has spoken'. Will UBS leave?This content was published on Oct 9, 2026 New regulations will leave lender with options ranging from retaining billions of dollars of additional capital to shrinking international operations.
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