Swiss bank UBS is considering moving to the U.S. due to new capital requirements proposed by the Swiss government. Senior executives have met with officials in President Donald Trump’s administration to discuss potential strategies, including acquiring a U.S. bank or merger. CEO Sergio Ermotti expressed concerns about the punitive Swiss proposals and their impact on shareholders and stakeholders. The Swiss government’s proposed stricter rules could require UBS to hold $26 billion more in core capital, prompting considerations to potentially move headquarters to London.

Read more at Yahoo Finance: Swiss bank UBS mulls move to US to avoid new rules, reports New York Post