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.

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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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