UBS and Credit Suisse to partially postpone dividend payout

ZURICH (Reuters) - UBS and Credit Suisse have decided to pay out part of their dividend for 2019 later this year after financial markets watchdog FINMA criticised the Swiss banks' decision to maintain a full payout during the coronavirus crisis.Both banks on Thursday said 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, but were bowing to pressure from FINMA.UBS said it would pay out..