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New capital requirements for Swiss banks will slow growth at UBS, says finance minister – Times of India

New capital requirements for Swiss banks will slow growth at UBS, says finance minister – Times of India

ZURICH: The Swiss government’s proposed tougher capital requirements for the banking industry will impact UBS’s ability to grow, the country’s finance minister said in an interview published on Saturday. Switzerland’s largest bank will have to hold more capital if the regulatory package, announced on Wednesday to prevent a repeat of the collapse of Credit Suisse,...