You are here

UBS, Credit Suisse to delay half of dividend payments amid virus

rk_creditsuisse_090420.jpg
Credit Suisse Group AG said its board will propose to pay half of its 2019 dividends this month and distribute the rest later this year, following a request from Switzerland's financial regulator.

[NEW YORK] Switzerland's two biggest banks proposed pushing back dividend payments as the spreading coronavirus roils markets and upends businesses.

Credit Suisse Group said on Thursday its board proposes to pay half of its 2019 dividend and intends to distribute the rest in the fall of...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes