Back to today’s briefing

Story perspectives

Warren Presses UBS on U.S. Relocation Concerns

12/10/2025

25 5

Summary

Story summary

U.S. Senator Elizabeth Warren asked UBS Group AG Chairman Colm Kelleher to detail relocating UBS to the United States.
She wrote a December 9 letter expressing concerns about risks UBS poses to U.S. taxpayers after its Credit Suisse acquisition.
Warren warned against enabling UBS to evade Swiss regulatory safeguards.
UBS has stated it will remain based in Switzerland.
UBS shares have risen 20% this year, while peers advance 60%.

1 of 1

Story summary

U.S. Senator Elizabeth Warren asked UBS Group AG Chairman Colm Kelleher to detail relocating UBS to the United States.
She wrote a December 9 letter expressing concerns about risks UBS poses to U.S. taxpayers after its Credit Suisse acquisition.
Warren warned against enabling UBS to evade Swiss regulatory safeguards.
UBS has stated it will remain based in Switzerland.
UBS shares have risen 20% this year, while peers advance 60%.