Update: Market Chatter: Swiss Government Assesses Costs of Potential UBS Relocation

09:41 AM EDT, 10/29/2026 (MT Newswires) -- (Updates with UBS statement) The Swiss government has evaluated the potential costs of UBS Group (UBSG.SW) moving its headquarters abroad in response to proposed tighter capital requirements, Reuters reported Thursday, citing an internal assessment. The review examined relocation scenarios in the US and UK, and indicated that the associated costs could be comparable to the additional capital UBS may need to raise under Switzerland's proposals, which could require $18 billion in additional common equity Tier 1 capital. The Swiss lender told MT Newswires it does not comment on "speculation or views expressed on such matters." (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.)