UBS is reportedly drawing up contingency plans that could involve relocating its headquarters out of Switzerland and exploring major deal or restructuring options. The Wall Street Journal reported that the bank is considering alternatives including acquiring a U.S. financial institution and relocating there, merging with a European rival, or selling itself to a U.S. bank.

The developments are linked, according to the report, to lawmakers’ potential move toward tougher capital requirements for the bank. The Economic Times notes the same premise, citing the WSJ account and stating that Reuters could not immediately verify the claim. The outlets frame the story as planning that UBS may develop in response to changing regulatory expectations, rather than as decisions already taken.

No further details are provided in the available summaries on timelines, specific target companies, or the likelihood of any outcome, and the reporting is described as based on unnamed sources familiar with UBS’s internal deliberations.