I still do not know why so many companies cave in to the Trump regime. Even countries. It seems only China has the balls to stand up against.
Dj3nk4 on
They would end up like Leemann in less than 5 years. The only reason ubs exists now is the Swiss government saving it in 2008. And US banks are very protective of its market and would play dirty and make sure ubs goes down.
The job market in CH would suffer some. But it would allow other banks to grow (if they have the brains and the balls).
I could be wrong, just my opinion. But I also want them to leave. Ubs has not been a CH company for decades now.
MitsotakiShogun on
The impact on UBS would be bank run that would likely kill it immediately.
Lucaslouch on
Competition is going to be happy. I don’t know how many of you are comfortable for having their bank headquarters in the US right now, but I’m not at all
Shraaap on
I don’t think it would make any difference. UBS bank Switzerland would still be ubs bank Switzerland. It’s not because they have their head office in the US that anything would change locally
thalithalithali on
Fine, let them go. Keep the Swiss business here (like CS did when they legally spun off the Swiss private bank years ago) and focus on this market with both a private and investment bank. It may not help with the capitalization issue, but it could help bring better service to the Swiss market.
azboy on
It’s a poker game between the Swiss federation and UBS.
UBS has now become the only major bank in the country and even bigger than before with the CS merger.
The Swiss government is trying to impose higher capital requirements to the bank to avoid another bankruptcy that would severely affect the country.
But higher capital requirement means lower return on equity which is the holy grail of shareholders.
UBS is using this “move to the US” threat as am answer to this Swiss rule in the pipes.
Gromchy on
I wonder if this has anything to do with Trumps trade war and the recent tarif deal with Switzerland…
8 commenti
I still do not know why so many companies cave in to the Trump regime. Even countries. It seems only China has the balls to stand up against.
They would end up like Leemann in less than 5 years. The only reason ubs exists now is the Swiss government saving it in 2008. And US banks are very protective of its market and would play dirty and make sure ubs goes down.
The job market in CH would suffer some. But it would allow other banks to grow (if they have the brains and the balls).
I could be wrong, just my opinion. But I also want them to leave. Ubs has not been a CH company for decades now.
The impact on UBS would be bank run that would likely kill it immediately.
Competition is going to be happy. I don’t know how many of you are comfortable for having their bank headquarters in the US right now, but I’m not at all
I don’t think it would make any difference. UBS bank Switzerland would still be ubs bank Switzerland. It’s not because they have their head office in the US that anything would change locally
Fine, let them go. Keep the Swiss business here (like CS did when they legally spun off the Swiss private bank years ago) and focus on this market with both a private and investment bank. It may not help with the capitalization issue, but it could help bring better service to the Swiss market.
It’s a poker game between the Swiss federation and UBS.
UBS has now become the only major bank in the country and even bigger than before with the CS merger.
The Swiss government is trying to impose higher capital requirements to the bank to avoid another bankruptcy that would severely affect the country.
But higher capital requirement means lower return on equity which is the holy grail of shareholders.
UBS is using this “move to the US” threat as am answer to this Swiss rule in the pipes.
I wonder if this has anything to do with Trumps trade war and the recent tarif deal with Switzerland…
Maybe the deal was to give them UBS?