Credit Suisse shares plunge to all-time low

Credit Suisse shares on the Swiss stock exchange on Tuesday SIX For the first time, CHF has dropped below 2.60, thus reaching an all-time low. Sick big bank titles bear the brunt of new negative media reports.

They take notes around 11:50 CS shares It fell 7.6 percent to CHF 2,559. They had previously reached 2,522 Fr. In an overall negative stock market, they are also clearly the weakest. blue chip header has. Throughout the year, CS shares meanwhile clearly in red: still quoted at 2.76 francs at the end of 2022.

exaggeration CS Heads

A report by the Reuters news agency on Tuesday caused new unrest among investors. finance the CS Heads axel Lehman take into account. The question here is: Lehman made “potentially misleading statements” in connection with the massive outflow of client funds.

Lehman As Reuters wrote, in interviews in early December 2022, he noted that the billion-dollar outflows recorded in October had “corrected” or “essentially stopped” in early December. nor finance nor CS requested a report on AWP request Comment. It is also possible: CS Head Based on insider sources, he said he had not been properly informed.

Billions of customer fund outflows

As can be seen from the annual figures of 2022, approximately 86 billion francs flowed from the Swiss bank in the first weeks of October following the rumors circulating on social media. It was then for the entire fourth quarter equal almost 111 billion.

Shares of Credit Suisse had already dropped around 67 percent in 2022. The big bank, after huge margins and persistent red numbers, ordered a massive restructuring and raised capital last fall. Public shareholders had new ones back then CS shares It can be subscribed for 2.52 CHF. (SDA)

Source :Blick