11:00 AM EDT, 08/26/2025 (MT Newswires) -- UBS (UBS) has been approached by Switzerland's economy ministry for support in securing a better trade agreement with the US, Bloomberg News reported Tuesday, citing sources with knowledge of the matter.

The State Secretariat for Economic Affairs contacted UBS due to the bank's significant operations and influence in the US, the media outlet reported.

UBS confirmed the outreach and emphasized the need for a united Swiss effort to resolve the tariff dispute quickly, Bloomberg reported, citing a UBS spokesperson.

UBS and SECO did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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