Switzerland’s financial regulator Finma said it would carry out two stress tests at UBS Group AG this year, as the authority boosts oversight of the lender in the wake of its acquisition of Credit Suisse.
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UBS Has No Need for More Capital, Kelleher Tells NZZ am SonntagUBS Group AG Chairman Colm Kelleher said that higher capital requirements for the Swiss banking behemoth would penalize shareholders and clients, and called instead for stronger powers for the country’s banking watchdog.
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UBS Powers Past $100 Billion One Year After Credit Suisse ShockOn the first anniversary of UBS Group AG’s historic takeover of its former rival Credit Suisse, it’s becoming clear just how advantageous the deal has been for the bank. It has pushed its market capitalization past $100 billion to the highest level in almost 16 years and cemented its leading role in global wealth management.
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SNB Says Review of UBS Capital Needed Due to Increased ScaleSwiss regulators should re-examine the capital requirements placed on UBS Group AG in the light of its increased size following the takeover of Credit Suisse, the Swiss National Bank said.
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Blinken to Stress Security Ties in Philippines, Official SaysSecretary of State Antony Blinken will use a visit to Manila to stress the US security commitment to the Philippines and emphasize freedom of navigation in the South China Sea at a time when China’s being more assertive in the region, a senior State Department official said.
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Money Stress Can Be Contagious Between Parents and ChildrenWhen parents are stressed about finances, they can unintentionally pass on that concern to their children. To prevent that kind of worry, parents can talk about money early with their children to set a baseline for financial discussions. If parents aren’t sure of financial topics themselves, they can learn together with their children, turning it into a fun family project. Then, if financial hardship hits, sharing age-appropriate details with children and inviting them to pitch in, by contributing more to chores around the house or brainstorming on how to cut back expenses, can help children regain a sense of control.
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“Eldest Daughter Syndrome” Was Scientifically Proven, Based On High Levels Of Prenatal Stress“As if I was literally [the] ‘other mom,’ rather than big sister.”
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