UBS Declines as Analysts Warn Capital Rules to Hurt Buybacks

UBS Group AG fell the most in two months as analyst warned that new capital demands imposed by Switzerland could crimp the bank’s competitiveness and its ability to make investor payouts.

Shares of the wealth manager declined as much as 7.4% on Tuesday, more than reversing gains from Friday, when the publication of the capital requirements was greeted with initial relief that months of uncertainty had finally ended.