Switzerland’s proposal to significantly increase capital requirements for UBS Group AG will be counterproductive for the bank’s stability and the country’s interests, according to a major activist investor in the bank.
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UBS Is Adding $20 Billion in Capital Even Before Swiss ReformsUBS Group AG is already adding almost $20 billion in capital to its regulatory reserves as it integrates Credit Suisse’s business, Chief Executive Officer Sergio Ermotti said, regardless of the Swiss government’s plans to increase requirements from next year.
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Texas Capital Hires Ex-UBS Banker to Head New Muni PracticeTexas Capital Bancshares Inc. has hired a former UBS Group AG executive to build out its municipal bond desk.
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Finma Chief Pushes Full Capital Backing of UBS’s Foreign UnitsThe new chief executive of the Swiss banking watchdog Finma said UBS Group AG should provide 100% capital backing to its foreign units, a move that aligns with the government’s plans to significantly increase the bank’s capital requirements.
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UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead(Bloomberg) -- The recent selloff in UBS Group AG shares underscores the Swiss bank’s challenge to demonstrate its Credit Suisse Group AG acquisition is on...
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Activist Cevian Doubles Down on Swiss Finance With Baloise StakeActivist fund Cevian Capital AB became a major shareholder in Baloise Holding AG, marking its second big investment in the Swiss finance industry after recently taking a stake in UBS Group AG.
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Morgan Stanley Taps HSBC, UBS for Private Wealth Hires in HKMorgan Stanley is beefing up its private wealth management business in Asia with two Hong Kong-based senior hires from rival banks.
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