Story perspectives
UBS CEO Weighs Switzerland’s Long-Term Competitive Impact
By Drooid · · How we work
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Story summary
- UBS CEO Sergio Ermotti said the bank is assessing long-term competitive impacts of staying in Switzerland.
- He made the comment during an analyst call on Wednesday after UBS released third-quarter results.
- Ermotti noted that clients value Switzerland, but a banking passport alone no longer suffices.
- UBS shares rose 0.71% following the earnings release and Ermotti’s remarks.