UBS Nov 2024 22.500 call
- Reuters
UBS urges Swiss government to clarify capital demands, sources say
UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid concerns the talks will drag on for months, unnerving investors.
- Reuters
Exclusive-UBS urges Swiss government to clarify capital demands, sources say
UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid concerns the talks will drag on for months, unnerving investors, sources familiar with the matter said. Some of the lender's top executives had been relieved by the 'too-big-to-fail' proposals the government published in April in response to Credit Suisse's collapse, the sources said, seeing them as surprisingly mild and fluid. But they have since grown concerned by signs from Stefan Walter, the new head of Swiss regulator FINMA, that he wants UBS to hold more capital, the people said.
- Zacks
Citi, BofA, Others Eye Swiss Expansion Post Credit Suisse Buyout
After Credit Suisse's takeover by UBS, banks like BNP Paribas (BNPQY), Deutsche Bank (DB), Citi (C) and BofA (BAC) target Switzerland for business expansion.
