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。 ...

Key TakeawaysSwiss banking giant UBS (UBS) is reportedly considering a move to the United States to circumvent new, "punitive" capital requirements proposed by the Swiss government, which could necessitate an additional $26 billion in core capital.U.S. President Donald Trump has assured foreign experts are welcome after a U.S. Immigration and Customs Enforcement (ICE) raid at a Hyundai-LG electric vehicle battery plant in Georgia sparked outrage in South Korea, leading to the detention of over 300 South Kor ...

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]

Group 1 - UBS Group AG is considering a strategy shift to address increased capital requirements, potentially involving the acquisition of a US bank or a merger [1] - CEO Sergio Ermotti stated it is "too early" to comment on specific responses to the proposed capital requirements [2] - Ermotti criticized the proposed capital requirements as "very punitive and excessive" and emphasized the need to protect shareholders' and stakeholders' interests while maintaining UBS's base in Switzerland [3] Group 2 - UBS is lobbying the Swiss government to amend proposals that could require the bank to hold an additional $26 billion in capital [4] - The Swiss government is seeking UBS's support to improve trade terms following the imposition of a 39% tariff on Swiss products by the Trump administration [4]

Core Viewpoint - UBS is considering relocating its headquarters from Switzerland to the US in response to proposed stringent capital requirements by Swiss regulators, which the bank believes would hinder its global competitiveness [1][4]. Group 1: Regulatory Environment - Swiss regulators have proposed new capital requirements that would necessitate UBS to increase its loss cushion by $26 billion, a move the bank strongly opposes as it deems the changes disproportionate and not aligned with international standards [3][4]. - The Swiss government's proposal is a reaction to concerns about a potential banking crisis, particularly following UBS's acquisition of Credit Suisse in 2023 amid solvency fears [4]. Group 2: Strategic Moves - UBS executives are exploring options to establish a US headquarters, aiming for a more favorable regulatory environment, and have engaged with Trump administration officials regarding this potential shift [2][5]. - The bank's market value stands at $126 billion, and it could consider partnerships with midsized banks in the US, which would allow it to expand without being constrained by deposit caps that affect larger banks [8]. Group 3: Market Context - Midsized banks such as PNC Financial and Bank of New York, valued at $79 billion and $74 billion respectively, are rumored to be potential acquisition targets for UBS [9]. - In the US, deposits are insured up to $250,000 per account, and major financial institutions are classified as "systemically important," which subjects them to heightened regulatory scrutiny [10].

Group 1 - Recent foreign capital inflow into the Chinese market has reached a record high, with August seeing the largest monthly net purchase since September 2024, indicating a growing interest in direct investments in the onshore market [1][2] - The increase in foreign investment is attributed to China's leading position in advanced fields such as artificial intelligence and robotics, as well as recent economic stabilization policies [1][3] - High-growth technology, high-dividend assets, and high-end manufacturing are the primary sectors attracting foreign investment, with a notable increase in participation through ETFs [1][6] Group 2 - Data from Goldman Sachs indicates that the total allocation of Chinese assets in Prime accounts has risen by 76 basis points to 6.4%, marking a two-year high, while net allocation increased by 173 basis points to 8.6% [2] - Korean investors have also shown significant activity, with trading volume in Chinese stocks reaching $6.478 billion and total holdings at $3.5 billion, a nearly 50% increase year-on-year [2] - Over 90% of surveyed U.S. investors expressed intentions to increase exposure to the Chinese market, the highest level since early 2021 [2][3] Group 3 - The current trend shows a shift from offshore to onshore investments, as U.S. investors are increasingly participating in A-shares and Hong Kong stocks due to the concentration of key sectors in these markets [3][4] - The trading volume of ETFs under the northbound trading mechanism has significantly increased, with cumulative transactions reaching 512.2 billion yuan from January to September, surpassing the total for the entire year of 2024 [4] - Technology stocks have become the focal point for northbound capital, with significant trading volumes in ETFs related to the tech sector [4][5] Group 4 - High-dividend themes and fintech sectors are also gaining traction, with notable net inflows into specific ETFs [5] - Foreign capital in the A-share market reached a market value of 3.07 trillion yuan by the end of June, with cumulative net inflows of 83.6 billion yuan [6] - The investment logic of foreign capital is shifting from defensive to offensive, with a focus on technology growth and high-end manufacturing, driven by policy and valuation factors [6]

(Bloomberg) -- Switzerland appointed a well-established military careerist as the chief of its armed forces, a role that will involve resolving controversies and a string of procurement issues that marred the term of his predecessor. Major General Benedikt Roos, 60, currently commands the army’s territorial divisions and will start his new role on Jan. 1, the government said Friday. He will succeed Thomas Suessli, who announced his resignation in February. The appointment of Roos — a career officer since ...

智通财经APP获悉，瑞银集团已将金价预测上调至2025年底达到每盎司3800美元，2026年中达到3900美 元，理由是美国劳动力数据疲软背景下预计美联储将重新降息。 这家投资银行还预期美元走弱及持续的地缘政治不确定性将推动投资者需求增长，市场参与者正将黄金 作为对冲工具。 瑞银分析师表示："从投资组合的角度来看，多元化配置和持有相关对冲资产至关重要。"他们补充称， 美国总统特朗普希望降低政策利率也提升了黄金的吸引力。 "我们对黄金保持看好观点，并在全球资产配置中维持黄金多头头寸。此外，我们的分析表明，配置中 个位数百分比的黄金是最优选择。" 黄金已重拾上涨势头，年内迄今涨幅达38%，当前价格略低于本月早些时候创下的每盎司3674美元的历 史高点。截至发稿时，金价上涨0.3%，报每盎司3644.43美元。 ...

Group 1 - Goldman Sachs has raised its long-term gold price forecast for 2029 from $2850/oz to $3300/oz, maintaining a positive outlook on gold prices with potential risks pushing prices to $4500-$5000/oz [1] - The revision by Goldman Sachs comes after a sustained increase in gold prices and gold stocks, with Newmont rated as neutral but showing positive prospects in production, free cash flow, and capital management [2] - Goldman Sachs emphasizes that margin expansion is a key driver for the strong performance of mining stocks, expecting the current gold stock cycle to continue, outperforming commodities throughout 2025 [3] Group 2 - UBS has also raised its gold price forecasts, increasing the 2025 year-end prediction by $300 to $3800/oz and the mid-2026 forecast by $200 to $3900/oz, citing expected Fed easing policies and geopolitical risks affecting the dollar [4] - UBS revised its estimate for gold ETF holdings, predicting they will exceed 3900 tons by the end of 2025, close to the record of 3915 tons set in October 2020, maintaining a bullish view on gold [4] - UBS expects central bank gold purchases to remain strong at around 900-950 tons this year, slightly below last year's record levels, while highlighting the key risk of unexpected Fed rate hikes due to inflation [4]

RT BSCN (@BSCNews)CHAINLINK, UBS, AND DIGIFT PARTNER TO AUTOMATE TOKENIZED FUND OPERATIONS IN HONG KONG- @Chainlink, @UBS, and @DigiFTTech have teamed up to streamline tokenized fund operations on-chain under Hong Kong’s Cyberport Blockchain & Digital Asset Pilot Subsidy Scheme.- The collaboration aims to bring institutional-grade automation to the management of tokenized financial products.- UBS, a global wealth manager overseeing $5.9 trillion in assets, will use the system to manage tokenized products di ...