ZURICH, Nov 17 (Reuters) - UBS said on Monday it wants
to continue operating as a global bank from Switzerland in
response to a report that UBS chair Colm Kelleher and U.S.
Treasury Secretary Scott Bessent privately discussed moving the
bank's headquarters to the U.S.
The Financial Times reported that Kelleher and Bessent
discussed the matter as the Zurich-based lender continued to
explore contingency plans to leave Switzerland if the Swiss
government did not back down on incoming new capital rules.
Bank insiders say UBS has examined the possibility of moving
as part of contingency plans. In September, the New York Post
said the bank was considering a move to the United States in
response to the proposed Swiss capital requirements.