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UBS overhauls structure, offers investors extra cash

from Fox Business

UBS is making changes to its structure so that it can reduce risks in a crisis, creating a group holding company that will allow it meet different international regulatory demands and reduce capital requirements. Since the reorganization will reduce the amount of money UBS sets aside for losses, the company will be paying a special dividend. UBS will also become eligible for a capital rebate from Swiss “too-big-to-fail” requirements. “We are substantially enhancing the resolvability of UBS in response to evolving global regulatory requirements,” says Axel Weber, Chairman of the Board, in a statement. more

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