From saving Credit Suisse to considering cross-border mergers: UBS finds itself in a "capital siege," will its next step be joining forces with Wall Street?

According to Zhitong Finance APP, the capital dispute between the Swiss-based international financial giant UBS and Swiss regulators is shifting from a debate over shareholder returns to strategic choices such as cross-border mergers, corporate structure, and even the location of its headquarters. As several major commercial banks on Wall Street have expressed interest to UBS in potential mergers or other forms of combination, UBS’s stock price in Europe and its US ADR (UBS.US) both saw significant gains last Friday.