UBS Group Needs to Surge Capital Reserves Amid Swiss Financial Reforms

In an interview with Neue Zuercher Zeitung (“NZZ”), Thomas Jordan, president of Swiss National Bank (“SNB”), stated that UBS Group AG (UBS) should increase its capital reserves in preparation for upcoming regulatory changes. Jordan further explained that these changes were considered vital to prevent any crash similar to what happened with Credit Suisse in 2023. This reform would ensure that problematic Swiss banks could be wound up or restructured without destabilizing Switzerland's financial system. Feder ...