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    • Finma Chief Pushes Full Capital Backing of UBS’s Foreign Units

      Bloomberg· 1 day ago

      The new chief executive of the Swiss banking watchdog Finma said UBS Group AG should provide 100% capital backing to its foreign units, a move that aligns with the government’s plans to significantly increase the bank’s capital requirements.

    • Bill Hwang Defense Faces Tough Odds as Archegos Trial Begins

      Bloomberg Law· 5 days ago

      Archegos Capital Management founder Bill Hwang will defend himself against fraud and market manipulation charges by making a time-honored Wall Street argument: he’s not responsible for the other side’s losses.