Switzerland says UBS may need more cash. The bank is fuming

A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its finances are robust.

By: Cable News Network

Apr 25 2024
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Switzerland says UBS may need

London CNN —
A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and protect taxpayers from ever having to bail out a major bank.
Now, the giant Swiss lender is h... [3745 chars]