tldrdailynews.com logo

Switzerland Imposes $26 Billion Capital Boost on UBS Amid Banking Reforms

1 min read
Source: CNBC
Switzerland Imposes $26 Billion Capital Boost on UBS Amid Banking Reforms
Photo: CNBC
TL;DR

The Swiss government has proposed new strict capital rules requiring UBS to hold an additional $26 billion in core capital following its acquisition of Credit Suisse, aiming to strengthen its stability but raising concerns about its competitiveness and impact on shareholder returns. UBS supports most proposals but opposes the extreme increase, and the implementation is expected to take several years, with full compliance by 2034.

Topics:top-newsbusiness#bank-regulation#business#capital-requirements#credit-suisse#swiss-government#ubs
Share this article
  1. Swiss government proposes tough new capital rules in major blow to UBS  CNBC
  2. UBS Faces $26 Billion Capital Demand From Swiss Bank Reforms  Bloomberg.com
  3. Switzerland hits UBS with $26 billion added capital requirement; shares rise  Reuters
  4. Switzerland Puts Tough Banking Curbs on UBS to Prevent Another Credit Suisse  WSJ
  5. The UBS empire’s decisive week  Financial Times

Want the full story? Read the original reporting

Read on CNBC