UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports

According to Business Recorder, which cited a Wall Street Journal report, UBS is working on fallback plans that include a possible headquarters move out of Switzerland. The move would apply if lawmakers make the bank's capital rules stricter under proposed too-big-to-fail requirements. These proposals follow UBS's 2023 rescue of Credit Suisse, the report added.

Alternatives being weighed, according to the same report, range from purchasing an American lender and moving into it, to combining with a rival in Europe or being sold to a bank in the United States. UBS had not yet answered a Reuters query seeking comment, since it arrived outside working hours. The proposed rules would require roughly $16 billion of additional capital, the report said, citing UBS's estimate.