US EditionTensions Before the Federal Council's Verdict on UBS Equity
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Grossbank's shares were up by 5.3 percent to 28.29 Swiss francs at around 3.30 p.m.. Prior to the announcement, the shares were up by 1.3 percent after a initially sluggish course. At 28.78 Swiss francs, the price marked the highest level since the end of March.
Swiss finance minister Karin Keller-Sutter demands that UBS fully deducts the equity of its foreign subsidiaries from its share capital, which
The Federal Council has presented the basic parameters for the planned legal re-regulation of the own funds requirements. For UBS, higher capital requirements should therefore apply to the subsidiaries abroad.
The government wants to force the bank to hold more capital for its subsidiaries abroad. A long-awaited decision is due to fall into post-Credit Swiss banking regulations this Friday. The debate has aroused passions since spring 2024.
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