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UBS relocation could put up to 12,000 Swiss jobs at risk, union says

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Swiss Bank Employees Association (SBPV) has warned up to 12,000 UBS jobs in Switzerland could be affected if tougher capital requirements lead the bank to move its headquarters. In a letter to the WAK, the SBPV called for a “viable compromise” on capital rules. “Investors are demanding that UBS relocate,…

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