UBS Faces 9% Profit Hit From Latest Swiss Capital Plan

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The latest capital reform proposal adopted by the Swiss legislators would reduce the profit per share of the UBS Group AG by 9%, estimated analysts from the Royal Bank of Canada (RBC). The decision "approximates the worst possible scenario", RBC analysts Anke Reingen, Sherry Lin and Susana Cruz said in a note on Monday. Last week, the Swiss Parliament's Upper House approved a plan that would require the UBS to spend 90% of the value of its forei…