UBS, Swiss Capital Plan
UBS flags 'serious' concern about new Swiss capital requirements
UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss government's recently announced plan to hit the country's largest lender with tougher capital requirements.
UBS Chairman Says Swiss Capital Plan Is ‘Wrong Remedy’
UBS Group AG Chairman Colm Kelleher said that the Swiss government’s proposal to require the bank to hold substantially more capital is the “wrong remedy” to the failings that brought down Credit Suisse over a year ago.
UBS to Regulators: We Don't Need Extra Capital
UBS Chairman Colm Kelleher criticized Switzerland’s plans to increase the bank’s loss buffers, saying “additional capital is the wrong remedy” to prevent another bank collapse. Kelleher appealed to Sw
UBS says 'seriously concerned' about new capital requirements talk
UBS is "seriously concerned" about some of the discussions related to additional capital requirements for the Swiss banking industry, the Swiss bank's chairman Colm Kelleher said at the lender's annual general meeting on Wednesday.
UBS Chairman 'Seriously Concerned' By Tougher Capital Rules
The chairman of Swiss banking giant UBS voiced concern Wednesday at proposed additional capital requirements aimed at ensuring banks have sufficient funds to withstand possible crises, insisting it was "the wrong remedy".
UBS chair says bank is 'seriously concerned' about Swiss capital plan
Chairman Colm Kellenher said Wednesday that the Swiss banking giant is "seriously concerned" about the Swiss government's proposal to mandate the lender to significantly increase its capital reserves.
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