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المشهد العربي
Source: المشهد العربي
2 Hrsالمشهد العربي
Source: المشهد العربي
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UBS CEO Sergio Ermotti reaffirmed the bank’s commitment to continuing its operations and investing in the United States, noting that around 40% of the world’s wealthy people live there, making the US market central to its wealth-management business. This comes as Swiss authorities move to impose stricter capital requirements. Ermotti argues that having the bank headquartered in Switzerland benefits the local economy, clients and shareholders. Some investors have called for the option of leaving Switzerland to be explored, but the finance minister ruled it out, saying the cost of relocating would exceed the cost of staying.
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