Story perspectives
Artisan Urges UBS Exit Switzerland Over New Capital Rules
By Drooid · · How we work
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Story summary
- Artisan Partners urged UBS to leave Switzerland because of new capital rules.
- Artisan holds over 60 million UBS shares, about 1.8% of the bank’s stock.
- Switzerland’s upper house approved a 90% CET1 requirement for UBS subsidiaries, adding $16 billion capital.
- UBS rejected the proposal, stating it will remain operating globally from Switzerland.
- Finance Minister Karin Keller-Sutter said an exit is unlikely.
