UBS Says Swiss Parliament Capital Decision Is Not a Compromise

President Donald Trump described recent talks with Iranian envoys in New York as very productive, with further sessions planned to explore a diplomatic off-ramp. Meanwhile, Swiss lawmakers rejected a capital compromise for UBS Group AG, voting for a plan that may require the wealth manager to hold billions in additional capital. UBS Group AG responded by stating the Swiss parliament decision is not a compromise and affirmed its focus on protecting long-term interests.