Thursday, June 14, 2012

Stock Alert -Credit Suisse plunges 7.9% premarket as the SNB tells the bank to improve its capital position - 6/14/12

Credit Suisse plunges 7.9% premarket as the SNB tells the bank to improve its capital position - by suspending dividends or issuing shares - to better absorb losses from the EMU crisis. The central bank notes leverage remains "very high" at both CS and UBS, and both should trim their balance sheets

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