(MENAFN- Swissinfo) Swiss Finance Minister Karin Keller-Sutter has said estimates banking giant UBS will need a further $15 billion to $25 billion (CHF13.7 billion to CHF23 billion) in capital as part of government proposals are accurate.
This content was published on April 16, 2024 - 14:12 2 minutes Paul Arnold, Reuters
“It's true, the figures are plausible,” Keller-Sutter told the Tages-Anzeiger newspaper on Monday.
Last week, the government presented its report on the reform of banking regulation and recommended, among other things, stricter capital requirements for the country's largest bank to strengthen the sector. However, it did not give any concrete figures.
+What it takes to fuse two Swiss banking giants
The media subsequently circulated estimates of up to CHF25 billion in additional capital requirements for UBS. Analysts from financial services firm Autonomous Research estimated that the bank will have to retain $10 billion to $15 billion in additional capital.
Subscribe to our weekly top stories. Keep up to date with the best stories from SWI swissinfo on a range of topics, straight into your mailbox
Translated from German by DeepL/kp
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look
here ,
and if you have feedback on this news story please write to
... .
External Content Your subscription could not be saved. Please try again. Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you. Daily news
Get the most important news from Switzerland in your inbox.
Daily
Email
The SBC Privacy Policy provides additional information on how your data is processed.
I consent to the use of my data for the SWI swissinfo newsletter.
In compliance with the JTI standards
More: SWI swissinfo certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at ... .
MENAFN16042024000210011054ID1108101849
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.