UBS follows Deutsche Bank And Admits It Needs More Cash

``One day after Deutsche Bank warned of a massive $7 billion loss and the potential elimination of the bank's dividend... it was the turn of Switzerland's second biggest bank after UBS, Credit Suisse, to admit it too needs more cash when moments ago the FT reported [7]that the bank is "preparing to launch a substantial capital raising" when the new CEO Thiam unveils his strategic plan for the bank in two weeks' time.''