Switzerland Loves UBS and Wants It to Stay, Trade Chief Says

Switzerland’s top trade diplomat expressed her country’s heartfelt desire for UBS Group AG not to move abroad.

“We love UBS, so we’d really like them to stay,” State Secretary Helene Budliger Artieda told Bloomberg Television in Singapore on Wednesday.

Switzerland is tightening financial regulation in the wake of Credit Suisse’s collapse in 2023 and its subsequent purchase by UBS. The size of the enlarged entity has prompted concern that Switzerland wouldn’t be able to bail it out in any future crisis, leading to government demands for the bank to retain as much as $26 billion ...