From Investing.com: 2024-04-13 06:35:34

The Swiss government’s tougher capital requirements for banks will impact UBS’s growth, says finance minister. UBS may need to hold more capital if new regulations are implemented. Changes target four largest banks with 22 measures. Proposed changes include backing foreign holdings with up to 100% equity. UBS might need to retain $10-15 billion in excess capital. Finance minister criticizes UBS CEO’s pay package of 14.4 million Swiss francs.



Read more at Investing.com: New capital requirements for Swiss banks will slow growth at UBS, says finance minister By Reuters