UBS, Credit Suisse urged to improve leverage ratios

|About: UBS Group AG (UBS)|By:, SA News Editor

As part of tougher increasing changes in Swiss banking rules, the Swiss National Bank has praised UBS (UBS) and Credit Suisse (CS) for increasing their capital, but urged the two to improve their leverage ratios.

The Swiss banks have previously acted on the harder new legislation. UBS has recently shifted from large parts of riskier debt-trading activities towards private banking. Credit Suisse also said last month that it will start paying out approximately half its profits to shareholders once it hits a key capital ratio. It will also reduce assets to attain its 10% capital ratio, which it expects to reach by the end of the year.