Swiss Parliament’s Upper House Backs Plan to Ease New Capital Demands on UBS
Under the proposal, the bank would be required to hold 90% in top-tier capital against its foreign subsidiaries, down from 100% the government previously planned.
Reports & sources
Bloomberg
Swiss Upper House Backs 90% Compromise Plan on UBS Capital (opens Bloomberg)Bloomberg's feed description
Wall Street Journal
Swiss Parliament’s Upper House Backs Plan to Ease New Capital Demands on UBS (opens Wall Street Journal)Wall Street Journal's feed description