UBS set to unveil $4-5 bln equity placing-FT

Thu Jun 25, 2009 10:41pm BST
 
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LONDON, June 25 (Reuters) - Swiss bank UBS (UBSN.VX)(UBS.N) is preparing to announce a $4 billion to $5 billion equity placing in response to growing pressure from regulators, London's Financial Times reported on its website on Thursday.

The paper, without citing sources, said the bank was aiming to lift its tier one capital to 13 percent from the current level of about 12 percent.

A spokesman for the bank in London said he could not comment on the report. (Reporting by Michael Holden; Editing by Tim Dobbyn)

 

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