UBS Weighs Moving to US Amid Swiss Regulations
Update: 2025-11-18
Description
UBS, one of the worlds largest banks, is contemplating a move out of Switzerland to the US due to stricter regulations imposed by the Swiss government. This potential relocation could significantly impact the Swiss banking industry and its reputation. The banks chairman, Colm Kelleher, has discussed this possibility with US Treasury Secretary Scott Bessent. The move could be a strategic negotiating tactic to pressure the Swiss government into softening its new regulations. The situation is fluid, with significant implications for global finance and the future of Swiss banking.
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