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UBS Confirms Swiss Operations Amid U.S. Relocation Talks

11/17/2025

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Summary

Story summary

UBS announced on November 17 that it intends to continue operating from Switzerland.
Colm Kelleher (UBS chair) and U.S. Treasury Secretary Scott Bessent discussed relocating UBS's headquarters to the United States.
UBS is reportedly exploring contingency plans due to new capital rules proposed by the Swiss government.
The U.S. Treasury Department has not commented on the discussions.

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Story summary

UBS announced on November 17 that it intends to continue operating from Switzerland.
Colm Kelleher (UBS chair) and U.S. Treasury Secretary Scott Bessent discussed relocating UBS's headquarters to the United States.
UBS is reportedly exploring contingency plans due to new capital rules proposed by the Swiss government.
The U.S. Treasury Department has not commented on the discussions.