USB Investment Bank Cap Is Their Choice: Swiss Minister
Swiss Finance Minister Karin Keller-Sutter gave a cold shoulder to UBS Group AG's offer of a permanent cap on the size of its investment bank, suggesting it won't do much to change her mind on future capital requirements. Any such move would be a "business decision" by UBS, Keller-Sutter said in an interview with Bloomberg's Oliver Crook in Warsaw on Friday, on the sidelines of an EU meeting. "This is not a political decision."