SNB says progress needed from biggest Swiss banks on capital

June 18, 2015 5:00 AM

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ZURICH, June 18 The Swiss National Bank (SNB) on Thursday welcomed the improvement made by the country's biggest banks, UBS and Credit Suisse, to their capital strength in the past year but said further progress was needed.

"The SNB recommends that the big banks do not lose momentum in their efforts to improve their resilience," the central bank wrote in its annual financial stability report. "This is particularly warranted with regard to the leverage ratio."

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