Story perspectives
UBS Explores U.S. Bank Acquisition Amid Capital Crunch
9/15/2025
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Story summary
- UBS Group AG executives met with Trump administration officials to discuss strategies in response to stricter capital requirements in Switzerland.
- Potential strategies include acquiring a US bank or merging.
- CEO Sergio Ermotti criticized the capital requirements as "very punitive and excessive," noting it's premature to discuss specific plans.
- UBS is lobbying against proposals that may require an additional $26 billion in capital.
- Switzerland seeks UBS's support for improved trade terms after a recent tariff by Trump.
