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


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.

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Comments (2)
  • tonybrown
    , contributor
    Comments (5) | Send Message
     
    I am a retired university trained electronic engineer. I am a share holder of UBS shares, hence my interest in seeing the shares improve. I actively look after my investments since apart from pensions, are the only means to ensure my wife lives in comfort should I die first!
    14 Jun 2012, 09:44 AM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    I hold shares in both UBS and CS, though I've held UBS longer. Surprised to see UBS not dropping much today. Meanwhile CS dropped over 10.4% on the Swiss Borse. If anything, this action will make both banks stronger in the long term. The SNB may be acting over-cautious. If there are further drops in share price levels, I will be adding to my holdings. Both companies already paid out their annual dividend for this year.
    14 Jun 2012, 02:03 PM Reply Like
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