UBS May Move Investment Bank Outside Switzerland

UBS (UBS) is planning to relocate its investment bank outside Switzerland, the WSJ said, to side-step tough new local bank regulations and better deploy its capital. The country’s financial watchdog FINMA is pushing UBS, which was one of the biggest casualties of the credit crisis, to set up its risky investment bank as a separate entity outside Switzerland in London, New York or Singapore, the newspaper said.

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