UBS Considers Relocating Swiss Headquarters
UBS is weighing contingency plans to relocate its headquarters from Switzerland if lawmakers enforce stricter capital rules. The bank faces potential demands to hold billions more in capital following its rescue of Credit Suisse.
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UBS Group AG is weighing contingency plans to move its headquarters out of Switzerland if lawmakers implement tougher capital requirements, people familiar with the matter said on Wednesday. The potential relocation follows proposals that could force the lender to hold an extra $20B in capital. Such a move would reshape the global banking landscape and alter the financial sector in Switzerland.
