Swiss Minister Says UBS Unlikely to Leave Home Base
Swiss finance minister Karin Keller-Sutter believes UBS is unlikely to leave Switzerland despite new tougher capital rules backed by parliament. The bank previously warned strict requirements could force it to rethink its home base.
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Switzerland finance minister Karin Keller-Sutter said late Friday that it is unlikely UBS GROUP AG-REG will relocate its home base. The assessment follows an upper house vote advancing stricter capital rules.
