UBS boss Sergio Ermotti plans to step down in April 2027
Race for coveted role comes as bank fights Swiss government over threat of more stringent capital buffers
Race for coveted role comes as bank fights Swiss government over threat of more stringent capital buffers
Why would someone like the Swiss banker step away just when things are about to get fun?
Sergio Ermotti tells FT it would take a ‘very profound and painful crisis’ to pressure politicians to take action
Discussions came as Colm Kelleher tries to pressure Swiss government to back down over proposed capital rules
Lender argues that proposals to significantly increase requirements have already cost investors $40bn
It is not in the country’s interests for its biggest bank to be uncompetitive
Bern’s plea for a level playing field may resonate with the boss of its biggest bank
