US EditionUBS Jumps to 17-Year High as Lawmakers Float Capital ...
11 Articles
11 Articles
A non-partisan group is committed to more moderate capital requirements at UBS. For the bank, it is only a step in the right direction.
As part of the discussions on future capital requirements for the Swiss bank number UBS, a group of right-wing parliamentarians presented a compromise proposal aimed at mitigating the tightening of the Federal Council.
The title of the large bank reached 35 francs on Friday morning, after federal parliamentarians suggested that it use lower-cost AT1 bonds to increase its capital.The UBS share increased by almost 4.5% on Friday from the opening of the Zurich Stock Exchange, to reach its highest level since February 2008, at 35 francs. On Thursday night, the NZZ revealed that a group of federal parliamentarians proposed a compromise proposal on the capital requi…
UBS shares have surged to their highest since 2008 after Swiss lawmakers hammered out a compromise proposal on new capital requirements for the largest Swiss bank to help it remain internationally competitive. The company is up 3.0% from Thursday's close.
Swiss legislators propose to impose new capital rules on the bank that are less demanding than those envisaged by the government.
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