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Stock impact report

Exclusive-UBS floats concessions to broker Swiss capital compromise, say sources [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
to head off tougher regulations by offering to limit the future size of its investment bank and hold more capital, people familiar with discussions said. The 2023 collapse of Credit Suisse was a watershed for Switzerland, leaving it with just one global lender and prompting regulators to demand it hold more capital to make the industry safer. UBS executives say that will hurt Swiss financial competitiveness, while the head of the main Swiss banking lobby warned this month that excessive demands could spur the lender to move its headquarters abroad. "I never expected the greatest obstacle to delivering a successful outcome would come from the same authorities who asked us to take on the Credit Suisse challenge," UBS CEO Sergio Ermotti said in a Read more
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