Rapporto Bloomberg | US Media: UBS per prendere in considerazione l’idea di spostarsi dalla Svizzera | La domanda di più azioni potrebbe innescare il trasferimento della banca. Si dice che i dirigenti stanno discutendo seriamente del problema.

Adie Merci….

Somehow I have a bad feeling about this.
Not that I like UBS but it just feels like a sign for really bad things to come.

So, we gave them a disgustingly obscene amount of cash to bail out CS, and now they’re just going to leave?

I wonder where they’d go? Which country would welcome them with open arms? Qatar?

It’s most likely a negotiation tactic.

Ermotti publicly says it’s not on the table but they leak these “internal talks” so it amounts pressure on politicians.

I’m a bit torn to be frank. Increasing the CET1 from 14% to 20% will probably still not do much if there’s a CS-style bank run. Banking is all about trust.

If you seriously want to reduce the risk you’d probably have to downsize it by spinning-off and selling the non-Swiss parts of UBS (2/3 of UBS’s revenue is generated abroad). But UBS getting CS for a bargain (by political will) and then selling large parts of the combined entity is also not on the table politically…it’s a mess.

Haha, UBS was a fraud tax money waste.

Fine with me if they think they have the leverage. But firstly, we should dispossess their properties and assets in Switzerland, roughly for the same value that we bailed them out for. Twice.

And don’t forget, they should lose the Switzerland in their name because of the swissness law. I am sure the international customers would love that if the bank becomes Saudi Arabian (still UBS) or Qatari (UBQ), lol.

I read the Bloomberg article. To me it reads as “we need to examine every alternative in detail, because we don’t want to fulfill a 25bn capital requirement.”

I get it: it would tie UBS down, make Swiss banking less competitive.