Tuesday, February 7, 2023

“Customer funds are coming back”

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CS President Lehmann

“Customer funds are coming back”

At a banking summit in London, the top management of Credit Suisse took an exceptionally open position on the current crisis. The worst is already over, says CS President Axel Lehmann.


Axel Lehmann, President of Credit Suisse, believes the worst is over.

It’s a classic firefighting operation. Because at Credit Suisse it’s ablaze. Since the capital increase of 4 billion was decided, the papers of the big bank have lost value. Day after day. A CS share currently costs a touch more than 2.70 francs.

CS President Axel Lehmann (63) therefore took the opportunity to contain the big fire at least a little when he appeared at a banking conference of the “Financial Times” in London. The outflow of client assets had weakened at Credit Suisse. In Switzerland even “partially the other way round”. Means: In Switzerland, CS should already be receiving funds again.

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