UBS Group Stock News
CHF39.30
0.56%
SIX Swiss Exchange, Oct 20, 04:43 pm CEST.
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UBS Group Stock News
UBS capital rules have Swiss stuck between a rock and a hard place
UBS shares have entered a technical correction, falling more than 12% from their high for the year. The stock dropped to 39 francs after peaking at 45 francs in August.
UBS extends Fed tightening cycle forecast with March rate hike after inflation surprise
UBS weighs moving headquarters from Switzerland if capital rules tighten, WSJ reports
A committee in Switzerland's upper house of parliament on Tuesday backed a government plan to create a public liquidity backstop for systemically important banks that would levy a fee on UBS to access it.
UBS CEO Sergio Ermotti said France needs “hard measures” to restore fiscal credibility. French bond yields have risen sharply in recent weeks, as fears growing over its debt burden.
U.S. investor Artisan Partners has urged the bank to part ways with its home country over new capital rules.
US asset manager Artisan Partners has urged UBS to leave Switzerland, arguing that proposed tougher capital requirements for the bank are "punitive", excessive and would destroy shareholder value.
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