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 made by CEO Sergio Ermotti in the last week.

“We want to continue to operate as a successful global bank based out of Switzerland,” Ermotti told Bloomberg TV on Thursday, adding that the bank could offer a lot to Swiss and international clients in that way.

However, he described the Swiss

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