Ermotti Says Talk UBS Threatening to Leave Switzerland ‘Absurd’

UBS Group AG Chief Executive Officer Sergio Ermotti pushed back hard on speculation that the bank is looking to leave Switzerland, saying that the leadership is seeking a compromise on...

By Myriam Balezou · Bloomberg

UBS Group AG Chief Executive Officer Sergio Ermotti pushed back hard on speculation that the bank is looking to leave Switzerland, saying that the leadership is seeking a compromise on contentious capital rules.