Trump Hails Iran Talks, Swiss Lawmakers Reject UBS Capital Compromise
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US President Donald Trump said his officials had “very good” talks with Iranian envoys in New York, reviving hopes for a diplomatic off-ramp. Trump said the three-hour session was “very productive” and another was being planned for the near future, but it’s not clear what, if any, progress was made in New York. Swiss lawmakers handed a defeat to UBS Group AG executives on Wednesday, voting decisively in favor of a plan that could ultimately force the global wealth manager to hold billions of dollars in extra capital. The upper house of Switzerland’s parliament voted 29 to 16 for an amendment to the government’s draft bill on regulatory reform that requires the bank to back its foreign units with high-quality equity capital up to 90% of their value. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Ed
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