UBS Hit With Near Worst-Case Scenario From Swiss Capital Vote — Market Talk
The Swiss upper house's decision to tighten capital rules represents a near worst-case scenario for UBS Group, RBC Capital Markets' Anke Reingen and Sherry Lin write. RBC calculates an earnings per share hit of 9% from last week's parliamentary vote to require 90% CET1 backing--only 0.3 point bette…