Credit Suisse plunges 7.9% premarket as the SNB tells the bank to improve its capital position -...

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

Credit Suisse plunges 7.9% premarket as the SNB tells the bank to improve its capital position - by suspending dividends or issuing shares - to better absorb losses from the EMU crisis. The central bank notes leverage remains "very high" at both CS and UBS, and both should trim their balance sheets.