The latest twist in the saga between UBS and Swiss regulators involves bank’s New York business

Swiss regulators are reportedly keen for UBS to sell or spin off its US business, as the Swiss bank faces stricter capital rules. A sale could ease regulatory tensions and attract major wealth managers, though no deal has been announced.

UBS Americas combines an investment bank with a brokerage of about 6,000 advisers managing roughly $2.4 trillion in assets. Morgan Stanley has been mentioned as a potential buyer, with a possible price near $150 billion; Bank of America’s Merrill Lynch is also cited as interested. The article links the dispute to Switzerland’s response to UBS’s 2023 takeover of Credit Suisse and says the new rules could require UBS to hold an additional $16 billion in capital.