--UBS Group is exploring a potential move of its headquarters if Switzerland sticks to a demand that the bank hold additional capital of $25 billion, Bloomberg reports, citing unnamed sources.
--The Swiss bank is intensifying its lobbying efforts, but received with little enthusiasm a suggestion from the head of Swiss financial regulator Finma that the changes could be implemented over a number of years, Bloomberg reports.
--It is unclear what UBS's alternative base would be, according to Bloomberg.
--UBS declined to comment to Bloomberg, referring to a previous interview where Chief Executive Sergio Ermotti said the bank would make its case until the last minute.
Full story: https://shorturl.at/jwob2
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
March 20, 2025 12:11 ET (16:11 GMT)
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