By Pete Schroeder WASHINGTON (Reuters) -The Federal Reserve's top regulatory official said Thursday that bank agencies are poised to unveil a more industry-friendly version of contentious capital rules known as "Basel III Endgame" by the end of 2025 or early 2026. Fed Vice Chair for Supervision Michelle Bowman said the central bank is actively working with colleagues at the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency on a re-proposal of that rule, which would imple ...

Stefan Wermuth/Bloomberg Top dealmakers from global investment banks have been heading to Zurich in recent weeks to pitch UBS Group AG on transactions that could change the face of Swiss finance.The bank's senior leadership has been sitting through presentations as they seek a solution to perhaps its biggest challenge in over a decade: A $26 billion increase in capital requirements leveled by its home government, Switzerland.  Options theoretically on the table range from the dramatic — a merger or acqui ...

BERLIN (Reuters) -Swiss bank UBS is considering moving to the United States in response to proposals from the Swiss government on new capital requirements, the New York Post reported at the weekend. Senior UBS executives have met officials in U.S. President Donald Trump's administration to prepare a strategy shift that could include the acquisition of a U.S. bank or a merger, the newspaper cited people close to the matter as saying. When asked to comment on the report, UBS referred Reuters to comments ma ...

UBS Group AG executives recently met with officials from President Donald Trump’s administration as they evaluate a potential strategy shift that could help the Swiss bank combat stiffer capital requirements at home, the New York Post reported on Sunday. Steps could include the purchase of a US bank or a merger, the newspaper said, citing sources it didn’t identify. UBS, when contacted by Bloomberg for a response to the report, referred to recent comments by Chief Executive Officer Sergio Ermotti that it ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. When Federal Reserve governors voted in June cut the enhanced supplementary leverage ratio – a measure of how much capital banks must hold relative to their assets – Sen. Elizabeth Warren’s near-immediate response was that such a move would not “free up a pot of money for banks to lend more or buy more assets.” Rather, it would spur banks to push “increased dividends ...