UBS at loggerheads with Bern as Q2 exceeds expectations

UBS CEO Sergio Ermotti and Swiss finance minister Karin Keller-Sutter.
UBS CEO Sergio Ermotti and Swiss finance minister Karin Keller-Sutter.
UBS once again exceeded expectations, but for Europe’s largest wealth manager, the biggest challenge no longer lies in the financial markets. Instead, the bank’s future is increasingly being shaped in Bern, where Swiss lawmakers are weighing significantly tougher capital requirements in the wake of the Credit Suisse rescue.

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