Switzerland hits UBS with proposed $20bn capital increase
Switzerland proposes $20bn capital increase for UBS as part of banking reform plans.
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switzerland's federal council proposed a $20bn capital increase for ubs on wednesday. the plan is part of a broader banking reform package, following months of intense lobbying by the bank itself.
the proposal aims to strengthen the country's financial stability after ubs's takeover of credit suisse last year. the new rules would require ubs to hold significantly more capital to absorb potential future losses.
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