Credit Suisse reiterates bringing capital in line with new rules

June 16, 2016 11:54 AM

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ZURICH, June 16 Credit Suisse already plans to bring its capital stock in line with new Swiss too-big-to-fail (TBTF) bank rules, it said on Thursday.

In its annual financial stability report, the Swiss National Bank wrote UBS and Credit Suisse will likely each need to raise an extra 10 billion Swiss francs ($10.4 billion) in capital to meet new leverage requirements. This could come by issuing high-trigger contingent convertible bonds, the SNB sa...

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