Swiss Banking Giant UBS Eyes US Relocation to Dodge Stricter Regulations
UBS Group AG is reportedly evaluating a significant strategy shift in response to stringent new capital requirements proposed by the Swiss government. Senior executives from the Swiss bank have engaged with officials from President Donald Trump’s administration, exploring options that could include the acquisition of a U.S. bank or a merger.
UBS Chief Executive Officer Sergio Ermotti has publicly criticized the proposed Swiss capital demands, describing them as “very punitive and excessive” in an interview. While emphasizing the bank’s intention to maintain its base in Switzerland, a move he believes benefits the Swiss economy, Ermotti also stated the necessity to protect the interests of UBS’s shareholders and stakeholders. He noted that it is
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