US EditionLeave the Swiss Alps for the US? That’s a Mountain Too High, UBS CEO Says
14 Articles
14 Articles
Leave the Swiss Alps for the US? That’s a Mountain Too High, UBS CEO says
The Swiss have never been big, or at least loud, on homeland solidarity, but this seemed to come close. For months, word has circulated that Swiss multinational investment bank UBS might leave its Alpine homeland for the US in order to escape punitive regulatory changes. Last week, CEO Sergio Ermotti did his best to put the idea to rest, calling the speculation an unprintable eight-letter word for an animal dropping that rhymes with wool knit. …
The Chairman of the Board of Directors of the Swiss Grand Bank is said to have talked to the American Finance Minister about a move. The background is a dispute between the UBS and the Swiss government.
For the Swiss bank the hypothesis is to transfer the head office of the institute to the United States if the Swiss government does not attenuate the new proposals on the strictest capital requirements
CHRONIQUE. The president of the first Swiss bank has discussed with the US Treasury Secretary a possible transfer of its head office to New York. UBS is engaged in an arm of arms with the Swiss government, which threatens the group of capital overloads, observes Isabelle Chaperon, columnist in the "World Economy" service.
UBS Chair Discussed Moving Headquarters To US: FT
The UBS chairman and US Treasury Secretary Scott Bessent have discussed the possibility of moving the Swiss banking giant's headquarters to the United States, the Financial Times reported Monday, reviving a long-running rumour.
The chairman of the UBS Board of Directors, Colm Kelleher, is said to have had talks with the American finance minister.
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