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The Economist — Economy — Credit Suisse's Financial Woes — Banking — Finance — Investment

Credit Suisse’s share price plunges, as fear sweeps the market

Credit Suisse's biggest shareholder, Saudi National Bank, has no plans to invest further in the bank, causing shares to fall 25%. The bank is facing multibillion-dollar losses and challenges from outflows of client cash.

1 min read
  • Credit Suisse's biggest shareholder, Saudi National Bank, has no plans to invest further in the bank.
  • Credit Suisse's share price fell 25% to a record low as a result.
  • The Swiss regulators have said that Credit Suisse meets capital and liquidity requirements.
  • The bank has suffered multibillion-dollar losses from dealings with Archegos Capital and Greensill Capital.
  • Credit Suisse's restructuring programme and attempts to reverse outflows of client cash pose challenges.
Credit Suisse’s share price plunges, as fear sweeps the market
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