Credit Suisse faces legal trouble over tax evasion and Greensill issues, amid ongoing Swiss finance shakeups. Once a top Swiss bank, now in hot water.
The Swiss government proposes a $26 billion capital increase for UBS to bolster crisis resilience, prompting the bank to consider relocating its headquarters to the US. UBS opposes the requirement, citing competitiveness concerns, and is lobbying through the legislative process while exploring strategic options including US expansion.