UBS Says Capital Reforms Put Future in Switzerland At Risk (3)

UBS Group AG reiterated its scathing critique of Switzerland’s planned changes to banking regulation, saying they may put the firm’s role in the country at risk.

If UBS had to shift its strategy as result of the reforms, it “would be forced to fundamentally question its future as a leading Swiss bank and global wealth manager in Switzerland,” it said in a report published on its website Tuesday.

UBS’s capital reserves have been a cause for concern for the Swiss authorities since its local rival Credit Suisse almost collapsed in 2023 and was bought by UBS in an emergency ...