UBS Met With US Officials as Bank Weighs Strategy Options: NYP

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]