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)