EXCLUSIVE-Swiss Assess Potential UBS Relocation, Highlight Difficulties
The review found relocation to the United States or Britain could bring major legal and capital costs as UBS faces tougher Swiss rules.
8 Articles
8 Articles
Swiss Government Says It Assessed Impact of Swiss Exit on UBS
The Swiss government examined what would happen to UBS Group AG if it left the country, adding it still believes that the plan to impose substantial new capital requirements would be digestible for the bank.
Swiss assess potential UBS relocation, highlight difficulties
Swiss government analyzes UBS's costs for potential relocation - report (UBS:NYSE)
Relocating to the U.S. or U.K. could cost UBS Group (UBS) just as much as new capital rules proposed by the Swiss government, Switzerland's finance ministry calculated, according to a media report on Thursday.
Today, Thursday, the Swiss government confirmed that it conducted an assessment of the implications of the relocation of the bank's headquarters, under mounting controversy over a plan to increase the capital requirements of its local unit. The Swiss Ministry of Finance said that the evaluation dealt, among other things, with possible arrangements for the relocation of the bank's headquarters, at the request of a parliamentary committee concerne…
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