Credit Suisse shares slump in early trade as execs defend bank's health
Credit Suisse CSGN, -8.22% CS, shares slumped 11% in early trade on Monday, after a weekend of unflattering headlines about its health after a rise in credit-default swaps on Friday.
CEO Ulrich Korner on Friday had sent a company memo saying its stock price does not reflect its capital and liquidity position. The bank is planning to announce a restructuring when it presents its quarterly results.
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