Ubs, Credit Suisse must hold more capital than stipulated by Basel III
UBS and Credit Suisse must hold significantly more capital than stipulated by the new Basel banking reforms to defuse the too big to fail problem in Switzerland, reports quoted a government commission as saying on Monday.
Credit Suisse will report a profit for the second quarter and is evaluating measures to strengthen capital faster than originally planned, Swiss daily Tages Anzeiger reported Friday, citing unidentified sources close to the board of Switzerland's second-largest bank.