BBC Overnight Programming 10:00pm - 6:00am

Listen Live

Search

UBS share price increases

Monday, 28 September 2026 06:35

UBS shares jumped more than 3% on the Swiss exchange on Friday after a US news outlet reported the bank is weighing a merger with a foreign rival and a move of its head office

Semafor Business cited unnamed sources and floated Morgan Stanley, Deutsche Bank and Standard Chartered as possible partners.

The rumour started days after the Council of States voted to make UBS hold 90% capital coverage on its foreign subsidiaries, well above the 50% the bank had hoped to negotiate.

Parliamentarians on both left and right accused the bank of applying "maximum pressure" as the National Council prepares to debate the same rules.

UBS declined to comment. Similar speculation flared in March, when Sergio Ermotti insisted the head office would stay in Switzerland.

Share

More from Bitesize News

  • Twint scam warning

    Switzerland has launched a national campaign to help the public spot online scams that exploit the Twint payment app

  • Water ban in parts of Valais

    Val de Bagnes has banned residents from using the irrigation network to water gardens and lawns, as Valais water reserves fall to critical levels

  • New insurance premium initiative

    Switzerland's Socialist Party is expected to launch signature collection today for an initiative linking health insurance premiums to household income

  • Rail link critical

    The Lausanne-Geneva rail line must be Switzerland's "absolute priority", according to the country's public transport association

  • Income not enough for many households

    Nearly 360,000 Swiss workers already earn too little to support their households, and the imminent health premium announcement threatens to push more families under

  • Speed limit decrease in parts of Lausanne

    Several new streets in central Lausanne will drop to 30 kilometres per hour from 12 October, day and night, according to a letter the city has sent to affected residents

Follow WRS

Download our app

  • Available on the App Store
  • Available on Google Play