NYP has learned about the plans of the largest Swiss bank to move to the United States

Switzerland's largest bank, UBS, with headquarters in Zurich, is considering moving to the United States due to management's dissatisfaction with new financial demands from the government. This was reported on September 13 by the New York Post (NYP).

"The banking giant UBS is intensifying its threats to leave Switzerland and open its headquarters in the United States, which is a radical response to Swiss regulators who have proposed new burdensome capital requirements for the financial giant," the material says.

UBS is obligated to increase its airbag by a "staggering amount", which reaches $26 billion. According to the bank's representatives, this, as emphasized in the text, will exclude global competition.

Key representatives of the bank — Chairman Colm Kelleher and CEO Sergio Hermotia — according to the publication, have already managed to hold a meeting with representatives of the administration of US President Donald Trump and discuss the details of a possible relocation.

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