B · Normal
[Swiss lawmakers voted to increase capital requirements, UBS fell more than 5% in two days] On September 23, UBS (UBS.US) continued its decline. As of press time, it fell nearly 2%, and fell more than 5% in two days. In news, UBS Group AG suffered a setback after Swiss lawmakers voted by a wide margin in favor of a plan that could ultimately force the global wealth management giant to hold billions of dollars more in capital. The plan stipulates that the bank must provide capital support for 90% of the value of its overseas subsidiaries with the highest quality capital (i.e. CET1). That standard, while lower than the 100% support requirement pushed by the government, also deviates from a compromise favored by UBS that would make heavy use of convertible bonds.
Global market intelligence 🕐 2026-09-23 21:47

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