UBS Offers to Add Capital, Cap Investment Bank to Head Off Tougher Rules, Reuters Says, Citing Sources

Dow Jones03-26
 

--UBS Group offered to cap the size of its investment bank and to hold more capital in a bid to reach a compromise with Swiss authorities and head off tougher regulations, Reuters reports, citing unnamed sources.

--The Swiss banking giant floated concessions such as limiting the future size of its investment bank at around 30% of its total business and to add $5 billion to its capital, Reuters reports.

--UBS estimates Swiss demands for more capital could amount to $40 billion in additional capital compared with levels before the Credit Suisse acquisition, according to Reuters.

--A UBS spokesperson said the bank supported the government's efforts to strengthen financial stability provided they didn't result in disproportionate burdens, according to Reuters.

 

Full story: htTps://shorturl.at/afFzJ

 

Write to Adria Calatayud at adria.calatayud@wsj.com

 

(END) Dow Jones Newswires

March 26, 2025 04:07 ET (08:07 GMT)

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