Global MarketsIMPORTANTSeptember 23 at 03:09 AM

Swiss Upper House backs 90% CET1 foreign unit backing by UBS (UBSG SW)

StockNow breaking-news AI analysis

The Swiss Upper House backed requiring 90% CET1 capital backing for UBS foreign units, surpassing the 50% AT1 compromise favored by bank leadership and business lobby groups.

1 stocks

UBSUBS Group AG$46.90Current price

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

Geopolitics

Chinese Foreign Minister says the Strait of Hormuz conflict must be resolved through dialogue and calls on all parties to seek a peaceful solution, Al Arabiya reports

Geopolitics

An Israeli source says "we do not see a real chance of reaching an agreement between the United States and Iran", Al Hadath reports

Geopolitics

Swiss Upper House backs 90% CET1 foreign unit backing by UBS (UBSG SW)

Related stocks

What do investors think?

Today's market highlights

Chinese Foreign Minister says the Strait of Hormuz conflict must be resolved through dialogue and calls on all parties to seek a peaceful solution, Al Arabiya reports

An Israeli source says "we do not see a real chance of reaching an agreement between the United States and Iran", Al Hadath reports

Israeli source says an additional round of strikes against Iran seems to be a matter of time, Al Hadath reports