UBS Chairman Colm Kelleher criticized Switzerland’s plans to increase the bank’s loss buffers, saying “additional capital is the wrong remedy” to prevent another bank collapse. UBS took over its hobbled rival Credit Suisse last year in a government engineered rescue. Credit Suisse for years before failing insisted it had enough capital, and sometimes publicly battled regulators who said it needed more.
Ford will report first quarter results after the bell on Wednesday. Its changing product game plan will be front and center with its focus on gas and hybrid offerings to offset heavy spending on EVs.
Tesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
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