ZURICH (Reuters) - The Swiss National Bank's vice chairman called for an in-depth review of UBS's capital requirements in an interview with Swiss newspaper Finanz und Wirtschaft on Thursday.
"We are not saying at this stage that more capital is needed," Martin Schlegel said.
"This must first be analysed in depth."
Schlegel said UBS's capital needs to be organised in such a way that it can better absorb losses. He also... (continue reading...)
MOSCOW (Reuters) - Russian investigators said on Thursday they had uncovered evidence that the gunmen who killed more than 140 people in an attack on a concert hall near Moscow last week were linked to "Ukrainian nationalists".
Russia has said from the outset that it is pursuing a Ukrainian link to the attack, even though Kyiv has denied it and the militant group Islamic State has claimed responsibility.
In a statement, the state... (continue reading...)
By Jonathan Stempel
NEW YORK (Reuters) - The maker of Reynolds Wrap aluminum foil is being sued in a proposed class action claiming it misleads consumers by saying the foil is "Made in USA" though much of the raw material and manufacturing comes from elsewhere.
According to a complaint on Wednesday night, substantially all bauxite that Reynolds Consumer Products uses in its foil comes from outside the United States, which accounts for... (continue reading...)
By David Shepardson
(Reuters) - The new head of Boeing's troubled commercial airplane unit said the U.S. planemaker faces a "pivotal moment" as it works to boost quality and address significant concerns from regulators and airline customers after a panel flew off a 737 MAX 9 jet in January.
"This is a pivotal moment for us, and we have serious work ahead to build trust and improve our operations," said Stephanie Pope, who was named... (continue reading...)
By Huw Jones
LONDON (Reuters) - Britain's stock markets should halve the time it takes to settle a share trade to stay competitive and complete this shift by the end of 2027, a report recommended on Thursday, a step the UK government has backed to play catch up with Wall Street.
Exchanges in the United States, Canada and Mexico move to settlement within one business day - dubbed T+1 - at the end of May to cut risk, catching up with India... (continue reading...)
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