President Donald Trump<\/a>‘s administration to prepare a strategy shift that could include the acquisition of a U.S. bank or a merger, the newspaper cited people close to the matter as saying.<\/p>\nWhen asked to comment on the report, UBS referred Reuters to comments made by CEO Sergio Ermotti in the last week.<\/p>\n
“We want to continue to operate as a successful global bank based out of Switzerland,” Ermotti told Bloomberg TV on Thursday, adding that the bank could offer a lot to Swiss and international clients in that way.<\/p>\n
However, he described the Swiss proposals on capital requirements as punitive and excessive and said the bank would need to think about how to protect shareholders’ and stakeholders’ interests.<\/p>\n
\u201cBut it\u2019s definitely too early to jump on commenting (on) any potential scenario and what our responses will be,” he said in the interview.<\/p>\n
The Swiss government in June proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold $26 billion more in core capital.<\/p>\n
Reuters reported in July that UBS was briefing senior staff that the need to consider moving its headquarters from Switzerland had grown since the proposals were made, citing a source with knowledge of the matter. Another source pointed to London as a favoured alternative.<\/p>\n
(Reporting by Madeline ChambersEditing by Ros Russell)<\/p>\n","protected":false},"excerpt":{"rendered":"BERLIN (Reuters) -Swiss bank UBS is considering moving to the United States in response to proposals from the…\n","protected":false},"author":2,"featured_media":156367,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[23,21121,95490,12,33824,3,95491,95489,44994,21,19,22,20,25,24],"class_list":{"0":"post-156366","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-united-states","8":"tag-america","9":"tag-bloomberg-tv","10":"tag-capital-requirements","11":"tag-donald-trump","12":"tag-new-york-post","13":"tag-news","14":"tag-sergio-ermotti","15":"tag-swiss-bank","16":"tag-swiss-government","17":"tag-united-states","18":"tag-united-states-of-america","19":"tag-unitedstates","20":"tag-unitedstatesofamerica","21":"tag-us","22":"tag-usa"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/156366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=156366"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/156366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/156367"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=156366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=156366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=156366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}