The bank UBS is reportedly furious over new Swiss regulations and is looking for ways to escape them – maybe by buying or merging with a US bank.
A report in the New York Post suggest bank executives have been meeting members of the US government – UBS is not denying the claims.
The Swiss bank says new capital requirements being discussed in Bern would hinder its competitiveness. One way around the rules could be either buying or merging with a bank in the United States.
Some analysts suggest this is merely sabre rattling as negotiations with the Swiss government continue.
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