Economy
UBS threatens to leave Switzerland; Switzerland, smaller than UBS's balance sheet, considers moving inside UBS
The bank's balance sheet is bigger than the national economy. Bern has drawn the only logical conclusion: the smaller party packs.
ZURICH. Last month the Council of States, the upper house of the Swiss parliament, backed a plan that would force UBS to hold an extra 16 billion dollars of capital. The lower house has yet to vote, but the bank’s chairman has already conceded that UBS …
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