Zurich – Latest stories from Nourish

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Zurich’s in the news as UBS pitches big Swiss deals amid US expansion talks, highlighting its role as a global finance hub.

Stories involving Zurich

UBS Faces Swiss Capital Push, US HQ Talks

The Swiss government proposes a $26 billion capital increase for UBS to bolster crisis resilience, prompting the bank to consider relocating its headquarters to the US. UBS opposes the requirement, citing competitiveness concerns, and is lobbying through the legislative process while exploring strategic options including US expansion.

SoftBank Buys ABB Robotics Unit

SoftBank has agreed to acquire ABB's robotics division for around $5.4 billion, marking a strategic shift for ABB and a major expansion for SoftBank in AI and robotics. The deal, expected to close in late 2026, aims to boost SoftBank's robotics investments amid ABB's focus on electrification.