UBS inches toward historic move to leave Switzerland — as it's wooed by Trump administration: sources
1. UBS applied for a US national bank charter amid regulatory pressures. 2. CEO and chairman hint at US expansion, downplay moving headquarters. 3. New Swiss capital requirements pressure UBS to increase loss cushions by $26 billion. 4. Trump administration actively encouraging UBS to relocate to the US. 5. UBS faces challenges with Credit Suisse liabilities affecting recruitment.