UBS executives express serious concerns over Swiss government s plan for tougher capital requirements, fearing the need for $15-25 billion in additional capital. Chairman Colm Kelleher stresses distributing excess capital to shareholders despite challenges, asserting UBS is well-capitalized and not "too big to fail."
UBS Group AG plans to cut about 90 jobs in Asia private wealth and investment banking in March due to China s stock market rout and a slump in dealmaking.
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