UBS chair talked to Scott Bessent about moving bank to US
Discussions came as Colm Kelleher tries to pressure Swiss government to back down over proposed capital rules
Discussions came as Colm Kelleher tries to pressure Swiss government to back down over proposed capital rules

Bern’s plea for a level playing field may resonate with the boss of its biggest bank

It is not in the country’s interests for its biggest bank to be uncompetitive

Swiss bank says it has progressed in integrating Credit Suisse and achieved $10bn in cumulative cost savings

Decision could be published in April with foreign capital requirements component moving to parliament for debate

Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender

Lender argues that proposals to significantly increase requirements have already cost investors $40bn