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Stock impact report

UBS Group (UBS) Could Benefit From Softer Regulations, Says Report [Yahoo! Finance]

UBS Group AG Registered Ordinary Shares (UBS) 
Company Research Source: Yahoo! Finance
Swiss banking giant UBS Group AG (NYSE:UBS)'s shares rose earlier this week after a Reuters report claimed that the Swiss government was softening its regulations regarding capital buffers. These rules could have required UBS Group AG (NYSE:UBS) to keep as much as $24 billion in additional capital. The new rules came into play after the firm acquired Swiss bank Credit Suisse, and the report came after UBS Group AG (NYSE:UBS) had confirmed in November that it was interested in shifting its headquarters to the US. The bank and the Swiss government did not share any details about the potential change in rules. As it faces off with the potential new rules, UBS Group AG (NYSE:UBS) is also busy integrating Credit Suisse into its operations. A report from the Swiss publication SonntagsBlick on December 7th claimed that the bank might reduce its headcount by as much as 10,000 by 2027. Responding to Reuters' request for comment, UBS Group AG (NYSE:UBS) outlined that “The role reductions wil Show less Read more
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