Credit Suisse shares opened in positive territory! On Thursday, the second-largest Swiss bank lost more than 18 percent in transactions. Now the stock is making some ground, opening 5 percent at first and stabilizing just over the 1 percent plus 4 franc mark a few minutes later. As of early October, an all-time low of 3.52 Fr. a little further away.
Investors punished CS leadership on Thursday for their new strategy. VR President Axel Lehmann (63) and CEO Ulrich Körner (60) presented the radical restructuring on Thursday: 9,000 jobs will be cut, 4 billion francs new capital will be raised and the investment bank split.
Trading of CS securities on the Swiss stock exchange was briefly suspended on Thursday. The pre-market share was in the red, the tension was great. Stock trading is only stopped in exceptional cases – to avoid panic. (no)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
