Switzerland's two big banks, UBS and Credit Suisse , said they decided to pay out part of their dividend for 2019 later this year after financial ...
Switzerland's two big banks, UBS and Credit Suisse , said they decided to pay out part of their dividend for 2019 later this year after financial markets watchdog FINMA had criticised their decision to maintain a full payout during the coronavirus crisis.
FILE PHOTO: The logos of Swiss banks UBS and Credit Suisse are seen at branch offices in Basel, Switzerland March 2, 2020. REUTERS/Arnd Wiegmann/File PhotoZURICH: Switzerland's two big banks, UBS and Credit Suisse , said they decided to pay out part of their dividend for 2019 later this year after financial markets watchdog FINMA had criticised their decision to maintain a full payout during the coronavirus crisis.
Both banks said in statements on Thursday they had strong capital and liquidity positions, allowing them to support the Swiss economy and their clients in the crisis and also pay out their dividends.
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