Reported about 5 hours ago
Swiss bank UBS is contemplating a move to the United States due to proposed stricter capital requirements from the Swiss government. According to reports, senior executives have met with officials from the Trump administration to explore potential strategies, including a U.S. bank acquisition or merger. UBS CEO Sergio Ermotti expressed concerns over the excessive nature of the new Swiss proposals, indicating a need to protect stakeholder interests, while also acknowledging that discussing specific scenarios is premature.
Source: YAHOO