23 Oct 2018
UBS (UBSG.S) allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials.
That move by the Chinese authorities led to UBS asking its wealth management staff to reconsider any travel plans to China, a person familiar with the matter told Reuters on Saturday.
“UBS would like to confirm that we allow all our staff to travel freely in and out of the country and it is business as usual for us in
China,” the bank said in a statement issued to Reuters on Tuesday.
– By by Jennifer Hughes and Sumeet Chatterjee, Reurters, 23 October 2018.
Link to Reuters.
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