The shares of Swiss bank Credit Suisse fell around 10%, which reflects market concerns over the bank's restructuring plans to be announced by end of October. Although, Ulrich Koerner, the Chief Executive Officer told the staff in a memo last week that the group has strong capital base and liquidity position.
What concerns is that the shares of the troubled bank have already fallen by over half this year. Although, the executives are trying their best to convince their clients and investors about its strong capital and liquidity position.
Credit Suisse, seems to be caught up with its recent challenges without seeing much developments. As part of the strategic business move, it is exploring different options to sell some of its asset and business.
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