UBS

UBS increases the maximum volume of its buyback offer for outstanding debt securities from $2bn to $4bn. Six bond series with maturities between 2029 and 2033 are being tendered in US dollars, euros (€2.05bn) and pounds (£450m). The bank applies a priority order, giving precedence to higher‑yielding 2033 paper; accepted series will be bought in full without pro rata reduction. The offers run until Thursday at 17:00 Eastern Time and are subject to the maximum volume cap. » Más en de.investing.com

The US Senate Judiciary Committee, in a letter from Charles Grassley, asked UBS for 62 further responses in its investigation of possible links between the former Credit Suisse and Nazi accounts. UBS is working on a reply, rejects allegations by ombudsman Neil Barofsky and stresses it has already spent more than $100 million and provided over 19 million documents. The bank plans a voluntary review by the end of 2026; the stock fell intraday by about 0.63 percent to 44.36 francs. » Más en finanzen.net

UBS criticizes a proposal by a Council of States commission that would require foreign subsidiaries to be covered by only 50 percent common equity Tier 1 (CET1), and warns of continued high costs from roughly $13 billion of additional Tier‑1 capital that would be backed by AT1 bonds. Finance Minister Karin Keller‑Sutter says she is disappointed and demands stricter rules and a 100 percent CET1 coverage; she also sees legal and practical problems in the commission’s draft. The proposal will now be debated in the Council of States and the National Council and could ultimately lead to a referendum. » Más en handelsblatt.com