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UBS Considers Leaving Switzerland Over Capital Rule Plans, WSJ Reports
3-line summary
- UBS is preparing contingency plans in case the Swiss parliament pushes through stricter capital requirements, which could include relocating its headquarters, according to a WSJ report cited by Investing.com citing people familiar with the matter. Swiss regulators are weighing tougher capital rules for UBS, which is the direct trigger for the bank's contingency planning.
- Options under consideration reportedly include acquiring a US financial institution and shifting operations there, merging with a European rival, or selling the company to a US bank. The report does not specify the scale or timing of the proposed capital rules, nor any official comment from UBS management or regulators.
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