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 Photo
ZURICH (Reuters) – Switzerland’s two big banks, UBS (UBSG.S) and Credit Suisse (CSGN.S), 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.
FINMA welcomed the decision in a separate statement.
Reporting by Silke Koltrowitz; Editing by Michelle Martin
vCard.red is a free platform for creating a mobile-friendly digital business cards. You can easily create a vCard and generate a QR code for it, allowing others to scan and save your contact details instantly.
The platform allows you to display contact information, social media links, services, and products all in one shareable link. Optional features include appointment scheduling, WhatsApp-based storefronts, media galleries, and custom design options.