Swiss Government Mandates UBS Capital Increase
Swiss Finance Minister Karin Keller-Sutter announced that UBS must increase its equity by $20 billion to cover international holdings. This mandate aims to strengthen the Swiss financial center and ensure the bank can cover 100% of its foreign participations instead of the current 45%. The move follows the restructuring of the Swiss banking landscape after the Credit Suisse collapse. Previously, the coverage requirement stood at 45%. This mandate follows the acquisition of former competitor Credit Suisse, which was facing bankruptcy. UBS is now the sole systemic bank in Switzerland. Bern has demanded that UBS increase its capital funds to ensure it covers 100% of requirements.
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Sources · 7 independent
ICI Radio-Canada
“En Suisse à présent le gouvernement a tenu bon face aux pressions du B.S. Le géant bancaire élvétique va devoir augmenter ses fonds propres.”
RFI Monde
“Berne exige qu'UBS augmente ses fonds propres pour qu'il couvre 100% de ses filiales à l'étranger contre 45%.”
SRF 4 News
“Es liegt also in der Verantwortung der Stadt. Aber das Land Sachsen-Anhalt...”
RFI Afrique
“Berne exige QBS augmente ses fonds propres pour qu'il couvre 100%”
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