UBS Group AG is set to encounter substantial capital requirements as part of Swiss banking reform proposals. According to the Swiss government’s legislative outline, UBS may need to increase its capital held domestically against foreign unit stakes from 60% to 100%. This adjustment could necessitate an addition of up to $23 billion in capital to its Swiss-based main unit over the next decade. The announcement provides clarity for investors following months of uncertainty regarding the reforms.
— new from Bloomberg.com
