Switzerland Needs to Compromise on UBS Capital, SVP Says

The Swiss government needs to find a compromise with UBS Group AG to raise the bank’s capital requirements, Thomas Aeschi, the head of the right-wing Swiss People’s Party, said on Swiss National TV on Saturday.

“It would also be very dangerous if a major American bank were able to buy UBS on the cheap. Then UBS would merely be a subsidiary of a major American bank, and we don’t want that either,” SVP’s caucus leader Aeschi told SRF.

SVP members have proposed that UBS holds 10 to 15 billion Swiss francs ($12.5 billion to $18.8 billion) in additional capital, compared ...