Changes in US stocks | UBS (UBS.US) rose nearly 4% before the market, and the stock price hit the highest point since 2008

The Zhitong Finance App learned that on Tuesday, UBS (UBS.US) rose nearly 4% before the market. As of press release, it was reported at $44.37. The stock price hit the highest point since 2008. According to the news, Swiss lawmakers proposed a compromise on UBS Group's new capital rules in an attempt to ensure that it remains competitive internationally. The Swiss government proposed earlier that UBS, which became Switzerland's only global bank after acquiring Credit Suisse on the verge of bankruptcy in 2023, should raise the capital adequacy ratio of its foreign subsidiaries to 100% instead of the current 60% to cover potential overseas losses.

UBS said the reform would mean finding $240 billion in additional capital. The Swiss government has proposed that UBS use Common Equity Tier 1 Capital (CET1) to meet this requirement. However, a panel of lawmakers proposed that UBS should be allowed to use so-called Additional Tier 1 (AT1) debt to cover up to 50% of its foreign subsidiary capitalization requirements, which would ease the bank's burden.