UBS Chair Says Swiss Regulator, Central Bank Demands Amount to 50% Capital Hike
UBS Group Chair Colm Kelleher said Switzerland's financial regulator and central bank set out additional capital requirements that would lead to a 50% increase compared with current levels.
Swiss authorities have been working over the past year to reform of the country's 'too big to fail' banking laws in the wake of Credit Suisse's rescue takeover by UBS, a move that is widely expected to result in higher capital demands for UBS.
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