Swiss bank UBS mulls move to US to avoid new rules, reports New York Post

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]