New recommendations for Swiss banks on too big to fail issue

5th October 2010, Comments 0 comments

Bern, Switzerland GenevaLunch - Switzerland’s two biggest banks, UBS AG and Credit Suisse Group, need to increase their capital reserves beyond international standards, said on 4 October a committee of public-private experts appointed by the Swiss Federal Council aimed at mitigating the “too big to fail” problem. The Commitee of Experts believes that both banks are ...

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