UBS Warns New Swiss Capital Rules Pose “Serious” Threat, as Ermotti Presses Bern for a Holistic Compromise

UBS chief executive Sergio Ermotti has intensified his pushback against Switzerland’s proposed capital overhaul, warning that the government’s plan risks weakening the country’s only global bank and could force UBS to rethink how — and where — it operates. Speaking at a finance conference in London on Thursday, Ermotti said the bank is committed to

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