US EditionUBS Considers Relocating to the U.S.
12 Articles
12 Articles
Momentum builds in Europe’s banking hub
Pivots from UBS and Deutsche Bank are a make-or-break moment for Europe’s economy, which has long been held back by its blundering banking sector.UBS chair Colm Kelleher has talked to Treasury Secretary Scott Bessent about moving the Swiss bank to New York, the Financial Times reported. UBS hasn’t notified the Swiss regulator, something it would swiftly do if its musings were serious, a person close to the company said. But with a $26 billion ca…
The management of the Swiss bank UBS seems to have explored ways to move to the US. According to a report by the "Financial Times", the threat is to avert stricter capital regulations.
UBS Considers Relocating to the U.S.
UBS Chairman reportedly discussed with Scott Bessent the possibility of relocating the Swiss bank to the United States. This move could have significant implications for UBS's global operations, affecting its market strategy and regulatory environment.
UBS President Colm Kelleher held talks in private over the past few months with US Treasury Secretary Scott Bessent. On the possibility of transferring the Swiss bank’s headquarters to the United States. He is currently in Zurich, according to the Financial Times, which cites as sources three unidentified people familiar with the situation. The hypothetical move of UBS would be part of the entity’s contingency plans to leave Switzerland if the S…
Because Colm Kelleher negotiated an overseas move with Washington behind the backs of the Federal Council, all trust is lost. UBS Chairman Colm Kelleher is well connected in the USA. The Irishman was one of the highest on Wall Street before his jump on the Presidential throne in Zurich. Now Kelleher and US President Trump's finance ministers have moved the last big bank in Switzerland [...]
UBS points out that Switzerland's new requirements far exceed corresponding international standards, limiting its ability to compete globally.
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