UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports
UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports Oct 14 (Reuters) - UBS UBSG.S is drawing up contingency plans that could include moving its headquarters out of Switzerland if lawmakers proceed with tougher capital requirements for the bank, the Wall Street Journal reported on Wednesday.
The options under consideration include acquiring a US financial institution and relocating there, merging with a European rival, or selling itself to a US bank, the report said, citing people familiar with the matter.
Reuters could not immediately verify the WSJ report.
(Reporting by Rajveer Singh Pardesi in Bengaluru; Editing by Sherry Jacob-Phillips)
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