The Swiss parliament this week advanced legislation that would require UBS to raise up to $20 billion in additional capital, a move UBS management believes would severely undermine its profitability. According to Semafor, citing sources, senior UBS executives have restarted discussions on how to remove the bank from the control of Swiss regulators, with a merger being one of the options. Following this news, UBS's share price in the US market rose by as much as 1.9%.