Swiss Regulators Demand $26 Billion Capital Boost from UBS Following Credit Suisse Takeover
Key Points
- UBS faces a hefty $26 billion increase in capital reserves f...
Well folks, it looks like UBS just got handed the financial equivalent of a massive gym membership fee - but instead of building muscles, they're being told to bulk up their capital reserves!
The Swiss government dropped quite the bombshell today, telling UBS to pack on an extra $26 billion in core capital requirements. That's what happens when you swallow a whole other bank (looking at you, Credit Suisse) - you get put on a strict financial diet.
Capital Gains, Capital Pains
The new rules would push UBS's CET1 capital ratio from 14.3% to a chunky 17%. UBS isn't exactly thrilled about th...
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