Zurich, June 6, 2025 (AFP) - Swiss order UBS to boost capital to cover overseas holdings

NAMPA / AFP

2025-06-06

Switzerland's government Friday announced new rules obliging banking giant UBS to strengthen its capital base in overseas subsidiaries to avoid a collapse that could destabilise the global economy. The decision "draws lessons from (the) Credit Suisse crisis", which saw that bank bought out by UBS in 2023 after the failure of three US banks, the federal government said in a statement. It set new rules including "stricter capital requirements for s......

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