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Credit Suisse, UBS must boost leverage ratios, Swiss central bank says

UBS Group AG and Credit Suisse Group AG need to bolster their ability to absorb losses, according to Swiss National Bank Vice Chairman Fritz Zurbrügg.

Zurbrügg said Dec. 14 that both banks are on track to meet rules aimed at ensuring their resilience.

"Both Credit Suisse and UBS already comply fully with the final, risk-weighted requirements," he said. "However, further improvement is needed with respect to the leverage ratio."