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Tuff-Stuff

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Tuff-Stuff

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Monday, 10/03/2022 7:18:44 AM

Monday, October 03, 2022 7:18:44 AM

Post# of 648882
Credit Suisse plunged on Monday as fears mount over the financial health of the Swiss bank.

Its shares fell by about 10%, after the bank's boss failed to reassure investors.

Last week, chief executive Ulrich Koerner insisted in a memo to staff that Credit Suisse's financial position was solid.

It comes ahead of a restructuring plan due when the bank reports results at the end of October.

-->Sources close to the bank confirmed a report in the Financial Times that executives at the Swiss bank spent much of the weekend seeking to calm key stakeholders about its financial strength.
https://www.bbc.com/news/business-63117352?at_medium=RSS&at_campaign=KARANGA


A Credit Suisse spokesperson refused to comment.

Pray for A Pain Free Day!

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