Swiss banking giant UBS is considering abandoning its home country and relocating to the United States as a bitter battle over government regulations threatens to upend one of the world’s most powerful financial institutions. The Zurich-based banking powerhouse and its advisers have drawn up contingency plans to move its headquarters abroad if Swiss lawmakers impose sweeping new capital requirements.

Such a move would mark a stunning rupture between Switzerland and a financial institution synonymous with the country’s centuries-old reputation as a global banking haven.

https://www.zerohedge.com/political/report-legendary-swiss-bank-thinks-unthinkable