Sector · Supervision

Credit Suisse wants to become ‘smaller, more focused bank’

Negative global market sentiment against Swiss bank Credit Suisse meant Europe's banking sector was under fire again on Wednesday, leading up to a evening statement by Swiss supervisors saying that they will commit liquidity to the bank.  The bank then said it plans to move swiftly to create “a smaller and more focused bank”.

“If necessary, the SNB will provide CS with liquidity,” the Swiss National Bank and regulator Finma said last night. 

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