The departure of UBS bank from Switzerland would have a noticeable impact on the perception and stability of Zurich as a financial centre. +Get the most important news from Switzerland in your inbox There is a lot at stake for the city and canton of Zurich, according to the cantonal government. “A possible relocation of the UBS headquarters from the Zurich region would potentially cause economic damage to the canton of Zurich, the city of Zurich and other affected municipalities”, Zurich cantonal government said in response to a question in the cantonal council. + How a Swiss compromise could save UBS billions According to the cantonal government, it is not possible to precisely quantify the potential damage. However, the figures quoted from the Zurich Financial Centre 2025/26 study provide some indications. In 2024, all banks in the canton of Zurich generated gross value added of CHF13 billion. This corresponds to around 8% of the canton’s economic output. The government does not …