The speculation followed a vote by the Swiss parliament to advance a law increasing the amount of capital banks must hold. UBS shares rose after initial reports that the firm was considering potential deals in other jurisdictions to offset these regulatory costs, a move that some industry observers suggested would mark the end of an era for Swiss banking.
Wednesday, October 21, 2026
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Swiss Finance Minister Says UBS Unlikely to Leave Switzerland
Business25 days ago
The Swiss government has dismissed reports that UBS is weighing a merger with foreign competitors to evade new domestic capital constraints. The finance minister stated that the nation's largest lender is unlikely to leave its home base, countering claims that it was targeting partners such as Morgan Stanley, Deutsche Bank, or Standard Chartered to shift its legal jurisdiction.
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