UBS(US:UBS) Hua Er Jie Jian Wen·2025-11-17 20:08Group 1 - UBS Chairman Colm Kelleher has discussed the possibility of relocating the bank's headquarters to the U.S. with U.S. Treasury Secretary Janet Yellen, amid pressure from the Swiss government regarding new capital requirements [1][2] - The Swiss government proposed new capital requirements that would force UBS to hold an additional $26 billion in capital, which UBS has described as "extreme" and disproportionate [1][2] - UBS executives are seeking to persuade the Swiss parliament to ease the proposed capital changes while expressing willingness to consider relocation if the proposal does not change [2] Group 2 - The Swiss government is implementing stricter capital requirements to prevent a repeat of the Credit Suisse collapse, which UBS acquired in a government-led rescue in 2023 [2] - Cevian Capital, a significant shareholder in UBS, has stated that the proposed capital changes would make it "impractical" for large international banks to operate in Switzerland, indicating that UBS may have no choice but to leave if the proposal is not weakened [2] - As Switzerland tightens capital rules, the U.S. is pursuing regulatory rollbacks to promote growth, with the Trump administration showing openness to attracting European financial institutions [3] Group 3 - The Trump administration's intention to relax banking regulations has raised concerns among European regulators, who fear that U.S. banks may gain a competitive advantage over their European counterparts, potentially destabilizing the global financial system [3]