UBS capital loss puts radical options on the table
By Liam ProudSwiss lawmakers voted for rules requiring the bank to back its foreign units with 90% common equity. UBS says this threatens the long-term viability of its business model. For Chair Colm Kelleher, moving the headquarters or breaking the group up now look less outlandish options.Full v…
By Liam ProudSwiss lawmakers voted for rules requiring the bank to back its foreign units with 90% common equity. UBS says this threatens the long-term viability of its business model. Full v…