UBS Mulls Moving HQ Abroad, According To Media Report

(MENAFN- Swissinfo) The Swiss bank UBS could relocate its Swiss headquarters abroad if capital demand is not reduced, Bloomberg News reports. This content was published on March 21, 2025 - 10:26 2 minutes Keystone-SDA

• Deutsch de UBS prüft laut Medienbericht Wegzug ins Ausland Original Read more: UBS prüft laut Medienbericht Wegzug ins Auslan
• 日本語 ja UBS、スイスからの本社移転を検討か 一部報道 Read more: UBS、スイスからの本社移転を検討か 一部報

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UBS is considering pulling out of Switzerland if Swiss politicians and the authorities stick to their demands, which would trigger an increase in capital of around $25 billion (CHF22 billion), according to the article.

Based on internal calculations, which in the worst-case scenario estimates an increase in the core capital ratio (CET1 ratio) from the current 14% to 20%, UBS management believes that the bank would no longer be able to operate competitively from Switzerland compared to large foreign banks, the news report said.

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With regard to UBS, Swiss politicians and the supervisory authorities are considering, among other things, the separation and full capitalisation of foreign subsidiaries. In this way, the authorities want to prevent UBS from collapsing, as was the case with Credit Suisse.

However, UBS considers the plans of politicians and authorities to be so detrimental to its business that it sees no other option in such a case than to move its headquarters abroad, people told Bloomberg.

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It would be economically impossible to operate with such a high capital ratio. In addition, the pressure from shareholders on the bank is also likely to increase in the event of significantly higher capital requirements.

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Translated from French with DeepL/sb

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