Rumours of UBS moving to the United States have resurfaced, just as the Swiss Senate is due to take up the issue of tightening capital requirements for institutions considered "systemic" in Switzerland on Monday. Already a dominant player on the Swiss banking scene at the time, Switzerland's number one bank became even bigger on March 19, 2023 when it took over its failing competitor Credit Suisse, with the blessing of the Swiss authorities. +Get the most important news from Switzerland in your inbox The deal created a behemoth housing over five trillion dollars worth of assets, raising fears about the stability of the country's financial infrastructure in the event of a default. On June 6, the Swiss government reworked its measures for institutions deemed "too big to fail", unveiling an arsenal of 31 measures to be implemented over the next 10 years. One of the key measures - and one of the most contested by UBS - will force systemically important banks to fully cover their ...
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