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What's Going On With Banking Giant UBS Stock Today?
UBS Group AG (NYSE:UBS) disclosed that additional tier 1 (AT1) bonds worth ~$5 billion have been made available for equity conversion following a decision by shareholders last month.
UBS said, “As a result, as from such date, these instruments are subject to equity conversion (and no longer subject to write-down) upon the occurrence of a trigger event or a viability event.”
The Swiss bank said ...