06:14 AM EDT, 09/15/2025 (MT Newswires) -- UBS Group ( UBS ) is considering moving its headquarters from Switzerland to the US amid onerous new capital requirements proposed by Swiss regulators, the New York Post reported Saturday.

The new requirements would force the Swiss banking giant to upsize its cushion against losses by $26 billion, a tally that the company believes will make it impossible to compete globally, according to the report.

UBS executives are contemplating moving the headquarters from Zurich to the US in hopes of getting a more lenient regulatory backdrop, the news outlet reported, citing people close to the matter.

"We want to continue to operate as a successful global bank based out of Switzerland," Bloomberg News reported Thursday, citing UBS Group ( UBS ) Chief Executive Sergio Ermotti. "We believe that we can offer a lot to our Swiss clients and international clients by operating in this way. And we believe that we are also, through that, a good factor for the Swiss economy."

Ermotti added that it was "too early to jump on commenting any potential scenario" and what UBS' responses will be. "Of course, the requirements, as they are [proposed], are very punitive and excessive and therefore we will need to think how we protect our shareholders' and stakeholders' interests," Ermotti reportedly said.

UBS shares were up 1.7% in recent premarket activity Monday.

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