UBS warns Swiss government to water down bank capital plans
Lender argues that proposals to significantly increase requirements have already cost investors $40bn
Lender argues that proposals to significantly increase requirements have already cost investors $40bn

Federal Council sets out plans for banking reform after months of lobbying by country’s biggest lender

Decision could be published in April with foreign capital requirements component moving to parliament for debate

It is not in the country’s interests for its biggest bank to be uncompetitive

Senate will decide whether some ‘too big to fail’ proposals should be delayed

Bern’s plea for a level playing field may resonate with the boss of its biggest bank

Swiss bank says it has progressed in integrating Credit Suisse and achieved $10bn in cumulative cost savings