Credit Suisse Group’s CH:CSGN stock fell almost 6% on Tuesday morning following a Reuters report that Swiss financial regulator Finma is looking into comments made by the bank’s chairman Axel Lehmann in December about outflows at the struggling banking giant.
ADRs... Credit Suisse Group’s CSGN stock fell almost 6% on Tuesday morning following a Reuters report that Swiss financial regulator Finma is looking into comments made by the bank’s chairman Axel Lehmann in December about outflows at the struggling banking giant. Credit Suisse’s latest reports show wealthy clients pulled more than $100 billion from the bank in the fourth quarter, with two-thirds of the net outflows in October, when it was dealing with intense media scrutiny over its ability to survive. But the bank did say that outflows continues in November and in December.
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