UBS AG Chairman Axel Weber said shareholder dividends will initially remain “moderate,” SonntagsZeitung reported.

UBS is devoting itself to coping with the past and building capital over the next two years while the industry is in “structural crisis,” Weber cited as saying in the Swiss newspaper

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net