VERIFIED QUOTE · reported 2026-10-28
“I'm very concerned about this development.”
Ermotti · said 2026-10-28 · reported 2026-10-28
Ermotti expressed concern to CNBC about the Swiss upper house's vote requiring UBS to hold 90% of CET1 capital for foreign subsidiaries.
This quote was mechanically extracted from the cited article and verified as an exact substring of the source text before publication. Attribution follows the article's own wording.