UBS faces $26B in capital requirements from Swiss bank reforms, Bloomberg says

UBS (UBS) is facing as much as $26B in capital requirements to be phased over the next decade under banking reform proposals from the Swiss government, Bastian Benrath-Wright and Noele Illien of Bloomberg reports. The largest hit to the bank is set to come from a proposal that would require the company to increase the capital held at home against its stakes in foreign units to 100% from the current 60%. The government estimates this will force UBS to add as much as $23B in capital to its Swiss-based main unit.

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