UBS Shareholder Urges Bank to Leave Switzerland
Artisan Partners has urged UBS to leave Switzerland due to rising capital requirements, according to the Wall Street Journal. This marks the second major investor to call for such a move.
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Artisan Partners has urged UBS to leave Switzerland due to rising capital requirements, according to the Wall Street Journal. This marks the second major investor to call for such a move.
US asset manager Artisan Partners has urged UBS BX:0UB to leave Switzerland, arguing that proposed tougher capital requirements for the bank are "punitive", excessive and would destroy shareholder value.In a letter to UBS's board published late on Wednesday, the Artisan Partners Global Value Team a…