Swiss banks, Credit Suisse and UBS saw shares drop by 4% in trading this morning. Shares in UBS were down 2.7%, while Credit Suisse fell 2.8%, lagging a 0.1% weaker European banking sector index SX7P.
Shares dropped after media reported Swiss politicians are considering tightening capital requirements for Swiss banks.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
In a newspaper interview on Sunday, Swiss Finance Minister Eveline Widmer-Schlumpf said that Swiss banks should not be subject to higher leverage ratio requirements of 6-10%, stricter than the ratio set out by Basel III rules.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
