Core Viewpoint - UBS Group AG is considering relocating its headquarters from Zurich to the United States due to proposed stricter capital requirements by Swiss regulators [1][8]. Regulatory Changes - In June 2025, Switzerland's Federal Department of Finance proposed that UBS should fully capitalize its foreign subsidiaries, increasing the requirement from 60% to 100%, which could raise UBS's common equity tier-one capital by up to $26 billion [2]. - The Swiss government aims to strengthen the stability of the banking system and prevent crises similar to Credit Suisse, with reforms still subject to consultation and parliamentary approval, not expected to be implemented before 2028 [3]. Potential Relocation - UBS has held preliminary discussions with U.S. officials regarding a potential headquarters move, which could provide a more flexible regulatory environment and may involve acquiring or merging with a mid-sized U.S. bank [4][8]. - UBS emphasizes its intention to remain a global bank headquartered in Switzerland while exploring options to protect shareholder and stakeholder interests if the proposed rules are enacted [4]. Integration of Credit Suisse - UBS is progressing with the integration of Credit Suisse, having merged 95 Swiss branches and achieved $9.1 billion in cost savings since the end of 2022, representing about 70% of its $13 billion target set for completion by 2026 [5]. - Despite legacy legal costs from Credit Suisse, UBS is on track to complete the integration by 2026, reinforcing its wealth management dominance and capital position [5]. Market Performance - Over the past year, UBS shares have increased by 36.7%, slightly outperforming the industry growth of 36.3% [7].

The Swiss upper house on Monday rejected a plan to submit all incoming UBS capital rules to parliament, clearing the way for the government to directly issue measures that could increase UBS's core ca... ...

智通财经APP获悉，瑞士立法者将于周一就再次推迟实施有关银行资本质量的新规定进行投票。这些新 规定若实施，将使瑞银(UBS.US)的资本要求增加约30亿美元。 瑞士上议院将就一项提案进行投票，该提案将把这项立法与一项更广泛的改革方案捆绑在一起，后者包 括将瑞银的资本要求大幅提高230亿美元。这意味着规模较小的改革方案最迟将于2029年生效，而不是 政府最初计划的2027年左右。 下议院上周投票否决了一项类似的动议。如果上议院通过了该动议，下议院将被迫再次就此进行辩论。 如果上议院予以否决，那么拖延的企图也就落空了。 周一美股盘前，瑞银涨1.60%。 瑞士正在对金融监管制度进行改革，以应对瑞银在2023年收购瑞士信贷后规模过于庞大的问题。瑞银规 模的扩大引发了人们的担忧，即瑞士在未来的任何危机中都将无力为其提供救助。 上议院会议将于伯尔尼下午3点15分开始，届时将对延期一事进行投票。 新规定对贷款机构如何评估诸如递延税项资产、内部软件以及其他难以估值的账面资产等无形资产的方 式进行了更新。对瑞银而言，这些新规只是瑞士政府在瑞士信贷倒闭后为提高其资本要求而出台的法规 中不太重要的部分。另一部分规定要求该银行在母公 ...

根据美国人口普查局公布的对数万家企业进行的双周商业调查，美国企业对AI的应用似乎出现了阶段 性回落。在员工规模超过250人的大型企业中，AI在生产与服务中的应用比例在6月曾达到15%的峰 值，而到8月底则回落至约11%。中小型企业也呈现出类似的下降趋势。 他认为："当前的AI发展轨迹与以往的技术热潮并无本质不同。AI在服务业中的应用潜力尤为广阔，预 计将进入加速发展阶段。更值得注意的是，AI在制造业中也正逐步实现关键突破。将AI融入全面数字 化与自动化的生产系统，将显著推动生产力提升。因此，我并不认为AI的热潮已经结束。" 部分企业对AI应用失去耐心 UBS认为，AI变现潜力仍在持续扩大。 人工智能（AI）热潮是否正在降温？ 尽管如此，当前AI的实际使用率仍显著高于去年同期水平，为去年同期的两倍以上。尤其在金融、科 技及法律服务等行业，AI的渗透仍在持续深化。 罗兰贝格全球管理委员会联席总裁戴璞（Denis Depoux）近日在接受第一财经采访时表示，正常的技术 周期通常会经历一个高速增长阶段，随后市场出现一定收缩，有时甚至显得较为剧烈，但他认为目前并 未看到AI泡沫出现剧烈破裂的迹象。 所谓"AI泡沫"真的 ...

ab 10 September 2025 US Thematic Research AI in Action: Our takes from a Silicon Valley tech summit We agree that AI will almost certainly be transformative across sectors We attended Imagination in Action's The Next Revolution of AI: Impact Summit in Palo Alto (9/8-9/9) where we heard speakers and thought leaders across sectors discussing their views on how AI is reshaping businesses, where the technology is going, and friction points in implementation. We left the summit with continued conviction that AI ...

2025.09. 15 推荐阅读 据路透社报道，瑞银高管已与美国特朗普政府官员会面，探讨战略转移方案，其中 可能包括收购或 合并一家美国银行。 纳指续创历史新高，甲骨文两日跌超11% 瑞银首席执行官埃尔莫蒂此前 曾表示瑞银希望继续作为一家立足瑞士的全球性银行， 批评瑞士政府 的资本要求"过于苛刻" ，并表示需要思考如何保护股东与利益相关者的权益。 微信编辑 | 七三 本文字数：319，阅读时长大约1分钟 第 一 财 经 持 续 追 踪 财 经 热 点 。 若 您 掌 握 公 司 动 态 、 行 业 趋 势 、 金 融 事 件 等 有 价 值 的 线 索 ， 欢 迎 提 供 。 专 用 邮 箱 ： bianjibu@yicai.com 据央视新闻，记者 当地时间9月14日获悉，瑞士银行巨头瑞银（UBS）正考虑将总部迁往美国，以 应对瑞士政府提出的新资本金监管要求。 （注：我们会对线索进行核实。您的隐私将严格保密。） 4 : 1967 12 ie - 8 1 - 20 . 30 / 100 r , 20 - 1911 1111 . 11 ig " ...

南方财经21世纪经济报道记者赖镇桃 过去一周，美国非农、PPI等一系列带着"冷感"的经济数据发布后，美联储下周降息似乎已经板上钉 钉。 新兴市场也被这波宽松的风向点燃热情。MSCI新兴市场指数12日收涨1.19%，连续四天刷新历史最高 点；MSCI亚洲指数上周涨幅达3.18%，韩国Kospi指数、新加坡海峡时报指数、巴西IBOVESPA股指、 墨西哥MXX也在上周接连创下历史新高。其中，韩国(41%)、越南(48%)等国家主要股指的年内涨幅尤 为瞩目。 年内来看，新兴市场股市也跑出了比发达经济体市场更强劲的增速。今年以来截至12日收盘时，MSCI 发达市场的涨幅不到15%，MSCI新兴市场则累计涨超23%，大幅领先发达市场。 随着美联储即将重启降息周期，不少基金、投行都在进一步加大对新兴市场的押注，认为美国货币政策 宽松、美元走软、各国通胀降温，将带动新一波利好。不过，关税问题始终如"达摩克利斯之剑"高悬新 兴市场头顶，下半年关税的滞后影响是否会终有显现？新兴市场的的估值确实有吸引力，但如何发掘高 成长性的机会？ 近日，21世纪经济报道记者专访了瑞银投资银行全球新兴市场股票首席策略师Sunil Tirumal ...

格隆汇9月15日｜瑞士银行巨头瑞银（UBS）正考虑将总部迁往美国，以应对瑞士政府提出的新资本金 监管要求。据路透社报道，瑞银高管已与美国特朗普政府官员会面，探讨战略转移方案，其中可能包括 收购或合并一家美国银行。瑞银首席执行官埃尔莫蒂此前曾表示瑞银希望继续作为一家立足瑞士的全球 性银行，批评瑞士政府的资本要求"过于苛刻"，并表示需要思考如何保护股东与利益相关者的权益。 ...

Group 1: UBS's Potential Relocation - UBS Group AG is considering relocating its headquarters to the United States due to new capital requirement proposals from the Swiss government, which could require an additional $26 billion in core capital following its acquisition of Credit Suisse [3][9] - Senior UBS executives have engaged with U.S. officials to discuss a strategic shift that may involve acquiring a U.S. bank or pursuing a merger, while emphasizing the need to protect shareholder interests [4][9] Group 2: U.S. Immigration Policy Impact - U.S. President Donald Trump has welcomed foreign experts and investments, provided they comply with U.S. immigration laws, following a controversial ICE raid at a Hyundai-LG electric vehicle battery plant in Georgia that resulted in the detention of over 300 South Korean nationals [5][6][9] - The incident has raised concerns in South Korea, potentially affecting future direct investments in the U.S., especially given South Korea's recent commitment to invest $350 billion in the U.S. [6] Group 3: China's Economic Strategy - China is positioning itself as a leader in the new global economic order, with data being referred to as the "new oil" for the 21st century, and is expected to lead the Fourth Industrial Revolution by 2030 [7] - Concurrently, China is stockpiling crude oil, having increased its reserves by 106 million barrels between February and August, which is significant in light of forecasts indicating a global oil supply surplus [8][9]

Group 1 - UBS is considering relocating to the United States due to new capital requirement proposals from the Swiss government [1][3] - Senior UBS executives have engaged with officials from the Trump administration to explore strategic options, including a potential acquisition of a U.S. bank or a merger [1] - CEO Sergio Ermotti criticized the Swiss government's capital requirement proposals as punitive and excessive, indicating the need to protect shareholders' interests [2][3] Group 2 - The Swiss government proposed stricter capital rules for UBS following its acquisition of Credit Suisse, which could require UBS to hold an additional $26 billion in core capital [3] - There is an increasing consideration within UBS to move its headquarters from Switzerland, with London being mentioned as a potential alternative [4]