Update: Market Chatter: UBS Pushes Back Against Shareholder Call to Leave Switzerland

09:14 AM EDT, 10/01/2026 (MT Newswires) -- (Updates with UBS' response in the fourth paragraph.) UBS (UBS) pushed back against a call from major shareholder Artisan Partners to consider moving its headquarters outside Switzerland, the Financial Times reported Thursday. Artisan Partners (APAM), which holds about a 1.8% stake in UBS, urged the bank to consider relocating, citing proposed Swiss capital rules, according to the report. Artisan said the new rules could require UBS to increase common equity Tier 1 capital at its parent company from about $56 billion to $72 billion. UBS said it plans to continue operating from Switzerland while advocating for targeted and internationally aligned regulation. The bank said the proposed 90% common equity tier 1 requirement would only require about $16 billion of additional capital at its parent bank, the report added. "We take note of the open letter addressed to our Board of Directors," a UBS spokesperson said in an emailed response to MT Newswires. "As we have consistently stated, our goal is to continue operating successfully as a global bank from Switzerland. UBS will protect the interests of its shareholders by continuing to contribute facts and analysis to support informed decision-making and advocating for regulation that is truly targeted, proportionate and internationally aligned, and addresses the root causes of the Credit Suisse crisis." Artisan Partners did not immediately respond to MT Newswires' requests for comments. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)