New capital requirements for Swiss banks will slow growth at UBS, says finance minister

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 27 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Karin Keller-Sutter News

Capital Requirements

The Swiss government's proposed tougher capital requirements for the banking industry will impact UBS's ability to grow, the country's finance minister said ...

ZURICH - The Swiss government's proposed tougher capital requirements for the banking industry will impact UBS's ability to grow, the country's finance minister said in an interview published on Saturday.

"If we adjust this regulation now, it will have consequences for the growth and size of UBS," she said. In the interview, Keller-Sutter again criticised UBS CEO Sergio Ermotti's pay package, which last year amounted to 14.4 million Swiss francs .JPMorgan again warns investors about "uncertain" year ahead. Big banks issue mixed profit reports

Jeff Bezos and fiancée Lauren Sánchez were among the top tech bosses and business leaders to attend a lavish White House dinner

Capital Requirements

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS to face tougher rules in Swiss response to Credit Suisse rescueExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

UBS Faces Substantially Higher Capital Rules Under Swiss ProposalsUBS Group AG faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

UBS to face tougher rules in Swiss response to Credit Suisse rescueThe ‘too big to fail’ plan will come under close scrutiny in Switzerland and beyond because if UBS were to unravel, there are no local rivals left that could absorb it
Source: globebusiness - 🏆 31. / 66 Read more »

Analysis-Swiss banking plan leaves 'relieved' UBS out of immediate firing lineUBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the 'monster bank' in line that were light...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

UBS launches new $2bn share buybackZURICH (Reuters) -UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being completed in 2024. The ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

SNB Says Review of UBS Capital Needed Due to Increased ScaleSwiss regulators should re-examine the capital requirements placed on UBS Group AG in the light of its increased size following the takeover of Credit Suisse, the Swiss National Bank said.
Source: BNNBloomberg - 🏆 83. / 50 Read more »