Credit Suisse shares slumped 11% in early trade on Monday, after a weekend of unflattering headlines about its health after a rise in credit-default swaps on Friday. CEO Ulrich Korner on Friday had sent a company memo saying its stock price does not reflect its capital and liquidity position. The bank is planning to announce a restructuring when it presents its quarterly results.
(END) Dow Jones Newswires
October 03, 2022 03:22 ET (07:22 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.