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UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the "monster bank" in line that were light on detail and heralded a tortuous political process to enshrine them in law. Shares in the Zurich-based lender took a knock on Wednesday after the finance ministry said its "too big to fail" recommendations envisaged tougher capital requirements for UBS and other systemically important banks following the rescue of its stricken rival Credit Suisse in 2023. "The measures proposed by the Federal Council are not en...

UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the monster bank in line that were light on detail and heralded a tortuous...

UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the “monster bank” in line that were light on detail and heralded a tortuous political process to enshrine them in law.

Switzerland moved rightwards in an election on Sunday, giving the right-wing Swiss People's Party (SVP) more seats in parliament as concerns about rising immigration outweighed those about the environment, final results showed on Monday. While the change is unlikely to alter the make up of the country's governing Federal Council ...

Switzerland moved rightwards in an election on Sunday, giving the right-wing Swiss People's Party (SVP) more seats in parliament as concerns about rising immigration outweighed those about the environment, final results showed on Monday. While the change is unlikely to alter the make up of the country's governing Federal Council consisting of seven members from four different parties - including two from the SVP - analysts said it pointed to a shift in the political climate.