Key facts
- At least eight foreign banks have signaled interest in a merger or combination with UBS.
- UBS estimates new Swiss capital rules could require it to hold $18 billion in additional capital.
- UBS Chairman Colm Kelleher warned the bank might reconsider its Swiss base if capital rules were too harsh.
- Switzerland's finance minister said UBS leaving its Swiss base is unlikely and would be expensive and legally complicated.
Several major foreign banks have expressed interest in a potential merger or combination with Switzerland's UBS, according to a report by Swiss newspaper Blick. Citing an insider, the report stated that at least eight banks have signaled their interest to UBS.