UBS will be SIGNIFICANTLY bigger than the GDP of Switzerland.
Roughly $5T in assets to Switzerland’s $0.8T GDP.
So what happens if Switzerland decides they want additional regulations on UBS and UBS decides they don’t like that??
If I’m perfectly honest, I don’t know what this would mean…
Could UBS just stick it to the government at that point and say they don’t want to?
It seems like a genuine possibility.
I’m curious to know what you think.
Could UBS hold legitimate power over Switzerland?
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