Reported 9 months ago
UBS is urging the Swiss government to clarify the additional capital buffers required after acquiring Credit Suisse, with concerns that the discussions could prolong, unsettling investors. Executives at UBS are worried about potential capital demands from the Swiss regulator FINMA and seek clarification on the proposed $15 billion-$25 billion in extra capital required. UBS believes further demands may adversely affect its competitiveness and plans to return cash to shareholders.
Source: YAHOO