Two years after acquiring Credit Suisse, UBS (UBS) is trying to intercept tougher regulations by offering to limit the future size of its investment bank, Ariane Luthi and Oliver Hirt of Reuters reports, citing people familiar with discussions. Regulators have demanded the company hold more capital to make the industry safer, but UBS executives say that will hurt Swiss financial competitiveness. UBS is now offering concessions to ease the mind of regulators, with one potential concession being capping the investment bank at 30% of its total business, two people familiar with the matter told Reuters.
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