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Ermotti Says UBS Won't Shrink in Response to Swiss Capital Rules

Ermotti Says UBS Won't Shrink in Response to Swiss Capital Rules

Bloomberg7 days ago
UBS Group AG Chief Executive Officer Sergio Ermotti said that he won't make the bank smaller to mitigate the impact of future Swiss capital requirements.
'Having a global diversified business is a strength for us and for Switzerland,' Ermotti said in a Bloomberg TV on Wednesday. 'Shrinking is not an option.'
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