Reported 5 days ago
UBS's compliance chief, Markus Ronner, has stated that the bank has no plans to leave Switzerland, despite discussions about potentially onerous regulations. This comes after remarks from the head of the Swiss Bankers Association suggesting UBS might consider leaving if regulations become too strict. Ronner emphasized UBS's strong relationship with Switzerland and the bank's dedication to its home country, particularly in light of recent changes following its acquisition of Credit Suisse.
Source: YAHOO