UBS CEO Signals Possible Switzerland Exit Over Capital Demands

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 28, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

UBS Group reported a third-quarter net profit of $2.69 billion, an increase from $2.48 billion in the same period last year, though the figure fell slightly below analyst consensus estimates. Chief Executive Sergio Ermotti stated on a Wednesday analyst call that the bank is evaluating the long-term impact of Swiss capital regulations on its competitive position, noting that a Swiss passport alone is insufficient for modern operations. The bank’s results were supported by $55.1 billion in net new assets for global wealth management, driven by strong inflows in the Asia Pacific and Americas regions, while total revenue rose to $13.35 billion.

Background

• UBS is opposing Swiss legislative proposals that would require the bank to add approximately $16 billion in equity capital for its foreign subsidiaries.
• The capital requirement bill is part of a broader overhaul of Swiss banking rules following the rescue takeover of Credit Suisse.
• The proposal passed the Swiss upper house last month and is scheduled for a vote in the lower house in the coming weeks.
• UBS expects its Common Equity Tier 1 capital ratio to remain near its 14% target by the end of 2026, with the ratio standing at 14.7% at the end of September.

Read the full article at wsj.com

More from Wednesday, October 28: