UBS Shares Drop After Swiss Asset Review Hits Capital Buffer
- Risk-weighted assets increased by 15 billion francs in quarter
- Extra capital costs reflect new rules for models, loan limits
UBS' CEO on 2Q Earnings, Cost Cutting, Brexit
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UBS Group AG fell the most in six months after a review of the bank’s assets by the Swiss financial regulator hit its capital buffers.
The bank reported a core equity Tier 1 ratio of 13.5 percent in the second quarter, down from 14.1 percent at the end of March. That translates to 600 million Swiss francs ($619 million) in extra capital costs and may mean less cash available for shareholders.