Discussions came as Colm Kelleher tried to pressure the Swiss government to back down over proposed capital rules.

cross-posted from: https://lemmy.zip/post/53231358

Activist investor Cevian Capital, which has a sizeable stake in UBS, said in September that the proposed Swiss capital changes would make it “not viable” to run a large international bank from the country. It added that UBS would have “no other realistic option” but to leave Switzerland if the proposals were not watered down.