01:19 PM EDT, 03/20/2025 (MT Newswires) -- (Update with UBS' statement.)

UBS Group ( UBS ) is exploring a potential relocation of its headquarters if Swiss regulators maintain their demand that the bank hold an extra $25 billion in capital, Bloomberg reported Thursday, citing people familiar with the matter.

"Ultimately, the decision on future regulatory requirements for UBS rests with the Swiss parliament, and it's our duty and right to respectfully engage with all parties throughout the process, highlighting the tradeoff between risks and opportunities," Chief Executive Sergio Ermotti said in an open letter to UBS employees.

(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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