UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid concerns the talks will drag on for months, unnerving investors.
After Credit Suisse's takeover by UBS, banks like BNP Paribas (BNPQY), Deutsche Bank (DB), Citi (C) and BofA (BAC) target Switzerland for business expansion.
As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies' desire to spread their business.