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Swiss Banks May Need To Raise $68 Billion More

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The price of financial stability for two Swiss banks.

http://www.marketwatch.com/news/story/swis...B-AEDBB38EA083}

Swiss banks may need to raise $68 billion more

Bank regulators to demand higher capital reserves, newspaper reports

By Rex Nutting, MarketWatch

Last update: 1:51 p.m. EDT July 6, 2008

WASHINGTON (MarketWatch) -- Swiss banking giants UBS and Credit Suisse may need to raise $68 billion more in capital to meet new demands from their bank supervisor, a Swiss newspaper reported Sunday.

The newspaper Sonntag quoted a parliamentarian as saying the nation's Federal Banking Commission would require additional capital of about $39 billion for

UBS and $29 billion for Credit Suisse , according to summary by Agence-France Presse.

The banks would likely have to sell equity to raise the capital, thus diluting current shareholders' stake in the companies, the report said.

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At last some regulatory authorities are starting to take the bull by the horns. No doubt the first of many and about time too.

Interestingly UBS declared its Tier 1 capital ratio at end of Q2 to be 11.5% (!!!). Is it not astonishing that the Swiss regulators consider yet another $39bn (!!!) is needed to give the bank the minimum capital foundation required to support its loan book???

And what are RBS', Barclays' etc. Tier 1 capital ratio again :-)

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At last some regulatory authorities are starting to take the bull by the horns. No doubt the first of many and about time too.

Interestingly UBS declared its Tier 1 capital ratio at end of Q2 to be 11.5% (!!!). Is it not astonishing that the Swiss regulators consider yet another $39bn (!!!) is needed to give the bank the minimum capital foundation required to support its loan book???

And what are RBS', Barclays' etc. Tier 1 capital ratio again :-)

The Swiss have to, without credibility of their financial institutions their economy would be a pale shadow of its former self.

Bite the bullet now, whilst there is still some money around to do so.

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As if it grows on trees... this is why the G8 are getting big on food being in the next bubble... I mean, the next driver of the unbridled capitalist economy. It is evil.

yep could do with a thread on it's own, it is as you state "evil", when banks get evil eh? Banksters/ Govts: "Nothing else left to tax the poor with, I know let's blame the price of basic food on the credit crunch and inflate the fukc out of it!!" :(

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  • 395 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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