Up to CHF25 billion additional capital requirement for UBS realistic
Swiss Finance Minister Karin Keller-Sutter has said estimates banking giant UBS will need a further $15 billion to $25 billion (CHF13.7 billion to CHF23 billion) in capital as part of government proposals are accurate.
This content was published on
2 minutes
Paul Arnold, Reuters
“It’s true, the figures are plausible,” Keller-Sutter told the Tages-Anzeiger newspaper on Monday.
Last week, the government presented its report on the reform of banking regulation and recommended, among other things, stricter capital requirements for the country’s largest bank to strengthen the sector. However, it did not give any concrete figures.
The media subsequently circulated estimates of up to CHF25 billion in additional capital requirements for UBS. Analysts from financial services firm Autonomous Research estimated that the bank will have to retain $10 billion to $15 billion in additional capital.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, and if you have feedback on this news story please write to english@swissinfo.ch.
External Content
Your subscription could not be saved. Please try again.
Almost finished… We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.
This content was published on
Switzerland's economy grew slightly at the start of 2024, with growth in the service sector contrasting with weak growth in industry.
Swiss employment rate rises in first quarter of 2023
This content was published on
The number of women and foreign nationals in employment increased particularly strongly, the Federal Statistical Office said on Thursday.
Coercion still an issue in Swiss welfare system, report finds
This content was published on
The rights of vulnerable people are still sometimes disregarded by the Swiss welfare system, a national research programme has found.
This content was published on
Viola Amherd has expressed her “deep shock” at the assassination attempt on Slovakian Prime Minister Robert Fico on Wednesday.
This content was published on
A man injured half a dozen people with knives, two of them seriously, before being arrested on Wednesday in northern Switzerland.
Switzerland to introduce flight passenger database
This content was published on
Switzerland plans to introduce a flight passenger database to collect and process personal data in a bid to combat terrorism and serious crime.
Government plans to invest over CHF16bn in Swiss rail network
This content was published on
The federal government intends to invest CHF16.4 billion ($18.1 billion) in railway infrastructure between 2025 and 2028, CHF2 billion more than for the current period.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.