Swiss lower house committee to review UBS capital requirements in November, as debate over $16 billions capital shortfall intensifies

According to Golden Ten Data APP, an influential committee in Switzerland has stated that it will address the capital requirement issue for UBS Group (UBS.US) next month, setting the next key date for the country's largest bank. According to a statement released on Wednesday, the lower house's Economic and Taxation Committee plans to proceed as scheduled and conduct a detailed review of the proposal regarding capital support for foreign subsidiaries at the meeting to be held from November 23 to 24.