Shares of embattled Swiss bank Credit Suisse have fallen to a record low
Shares of embattled Swiss bank Credit Suisse fell to a record low Tuesday after a report that regulators are reviewing comments the lender’s chairman made about the health of its finances. The bank’s stock plunged as much as 9% to trade at 2.52 Swiss francs , before recovering slightly.
Credit Suisse told CNN Tuesday: “We do not comment on speculation.” The Swiss financial regulator, Finma, declined to comment. The latest cloud to emerge over Credit Suisse\n \n follows news earlier this month that the bank had suffered its biggest annual loss since the depths of the financial crisis in 2008.
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