UBS Group (UBS) Seeks Capital Demand Clarity From Swiss Government
UBS(UBS) ZACKS·2024-06-27 16:06
UBS Group AG (UBS) is asking the Swiss authorities to clarify how much additional the bank will need to hold in capital buffers after acquiring Credit Suisse. Investors are concerned that the negotiations could be delayed for months.The sources stated that some top executives at the bank had been relieved by the government's 'too-big-to-fail' recommendations released in April, which were unexpectedly flexible and modest following Credit Suisse's collapse.Concerns have been raised, nevertheless, after Stefan ...