UBS Group to Aid Swiss Government in Improving US Trade Deal

UBS Group AG, a Swiss bank, has been approached by the Swiss government to assist with improving the US-Switzerland trade deal. The bank operates in four areas: wealth management, investment banking, retail and corporate banking, asset management, and other businesses. At the end of 2024, UBS had USD 745.8 billion in current deposits and USD 580 billion in current loans.

UBS Group AG, a prominent Swiss bank, has been approached by the Swiss government to provide support in improving the US-Switzerland trade deal. The bank, with operations spanning wealth management, investment banking, retail and corporate banking, and asset management, is a significant player in the Swiss financial sector. At the end of 2024, UBS reported USD 745.8 billion in current deposits and USD 580 billion in current loans, underscoring its substantial market presence [1].

The Swiss government, through the State Secretariat for Economic Affairs (SECO), has reached out to UBS for assistance in navigating the ongoing US tariff dispute. The Swiss economy is heavily reliant on its export sector, and the current 39% tariff rate imposed by the Trump administration has caused significant concern among businesses. The Swiss President Karin Keller-Sutter's recent visit to the US did not yield an improvement in tariff terms, prompting the government to seek additional support from UBS and other major Swiss corporations, such as Roche Holding AG and Novartis AG [2].

UBS's strong presence in the US market makes it a valuable partner in these negotiations. The bank has been actively involved in discussions with the Swiss government, highlighting its potential to contribute to a more favorable trade deal. However, UBS's role in the negotiations comes amidst a contentious debate over new bank rules that could impose substantial capital requirements on the bank. The bank has been lobbying the government to alter these plans [2].

While UBS has not officially offered support to the Swiss government on the tariff issue, its involvement in the negotiations could potentially enhance its standing with the government. The bank's strategic position and expertise in the financial sector make it a key player in these discussions. The potential for a more favorable trade deal could also benefit UBS's operations and client base, which includes a significant number of US-based entities.

As the negotiations continue, UBS's role in improving the US-Switzerland trade deal remains a critical factor. The bank's strategic move to expand its presence in the data science and machine learning sector through its investment in Domino Data Lab could further enhance its ability to navigate complex financial landscapes and contribute to the success of the trade negotiations [3].

References:
[1] https://www.ainvest.com/news/ubs-group-ag-invests-domino-data-lab-expands-market-2508/
[2] https://www.bloomberg.com/news/articles/2025-08-26/ubs-asked-by-swiss-economy-ministry-for-support-on-us-tariffs
[3] https://www.swissinfo.ch/eng/ubs-asked-by-swiss-economy-ministry-for-support-on-us-tariffs/89898050