'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
Publishing timestamp: 2024-04-11 05:33:41
Summary
Swiss government proposes new regulations to tighten oversight of banks deemed "too big to fail," following the collapse of Credit Suisse. The regulations may limit UBS's ability to challenge Wall Street giants and create a "lose-lose situation." Regulatory reform is suggested to prioritize over tightening screws on the largest banks in order to compete globally.
Sentiment: NEGATIVE
Tickers: UBSG-CH, C, GS, JPM, MS,
Keywords: business news, central banking, banks, ubs group ag, citigroup inc, jpmorgan drn, morgan stanley, goldman sachs group inc,