Shares of embattled Swiss bank Credit Suisse have fallen to a record low
Shares of embattled Swiss bank Credit Suisse fell to a record low Tuesday after a report that regulators are reviewing comments the lender’s chairman made about the health of its finances. The bank’s stock plunged as much as 9% to trade at 2.52 Swiss francs , before recovering slightly.
Credit Suisse told CNN Tuesday: “We do not comment on speculation.” The Swiss financial regulator, Finma, declined to comment. The latest cloud to emerge over Credit Suisse\n \n follows news earlier this month that the bank had suffered its biggest annual loss since the depths of the financial crisis in 2008.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse shares fall after Swiss regulator reportedly probes chairman's remarks on outflowsCredit Suisse Group’s stock fell almost 6% on Tuesday morning following a Reuters report that Swiss financial regulator Finma is looking into comments made...
Read more »
Exclusive: Swiss financial watchdog reviewing Credit Suisse chairman's comments - sourcesSwiss financial regulator Finma is reviewing remarks made by Credit Suisse Group Chairman Axel Lehmann about outflows from the lender having stabilized in early December, two people with knowledge of the matter told Reuters.
Read more »
Breakingviews - Credit Suisse finds new genre of loose crisis talkThe conventional wisdom in banking is that there is no right way to respond when clients are pulling their money. Axel Lehmann is learning that lesson anew. Reuters reported on Monday that financial regulator Finma is reviewing remarks the Credit Suisse chair made in a punishing period late last year. He said in early December that outflows during October, mainly in wealth management, had “completely flattened out”, “partially reversed” and “basically stopped”. Fourth-quarter earnings, however, said they’d stabilised but not yet reversed.
Read more »
Tax refunds down 11% from last year: Here’s the average refundThe lower refunds are due mostly to changes involving the Child Tax Credit, Earned Income Tax Credit and Child and Dependent Care Credit, as well as deductions allowed for charitable contributions.
Read more »
British Restorer Makes The Perfect 1973 Land Rover For The Swiss Alps | CarscoopsBritish Restorer Makes The Perfect 1973 Land Rover For The Swiss Alps | Carscoops carscoops
Read more »
Marvel Movie End-Credit Scenes Aren’t Worth It AnymoreAs if sitting through “Ant-Man and the Wasp: Quantumania” wasn’t enough, its credits scene was the latest in a string of Marvel’s disappointing reveals. Let’s stop watching them.
Read more »