UBS, Santander carve out chunky TLAC offerings

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Senior Debt

UBS, Santander carve out chunky TLAC offerings

Jasper Cox
April 10, 2018 12:15 PM
UBS3_PA_230x150
March 14, 2017 - New York, New York, U.S - March 14, 2017. UBS Has Cut Down on Bonuses, Including for Its CEO amid lower profits and a tough operating backdrop. Additionally, the bank continues to face legal hassles. UBS bank in New York, New York. (Credit Image: © Prensa Internacional via ZUMA Wire) | Javier Rojas/Zuma Press/PA Images

UBS followed Santander this week by issuing a large senior deal designed to meet loss-absorbing capacity requirements, as both banks look ahead to first quarter results.

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