World & BusinessUBS gains as it reportedly weighs potential deals with banks abroad
Bloomberg reports that UBS rose and Morgan Stanley fell after a report that UBS was weighing options amid the possibility of stricter Swiss capital rules.
TLDR
Bloomberg reports that UBS gained and Morgan Stanley fell following a report that UBS was weighing its options as it faces the possibility of stricter capital rules in Switzerland. Those options reportedly include potential deals with banks in other jurisdictions.
UBS gains as it reportedly weighs potential deals with banks abroad
Bloomberg reports that UBS rose and Morgan Stanley fell after a report that UBS was weighing options amid the possibility of stricter Swiss capital rules.