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Al Jazeera
Al Jazeera
Business

Credit Suisse sees shares sink over restructuring concerns

Executives at Credit Suisse spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital [File: Brendan McDermid/Reuters]

Credit Suisse Group AG saw its shares slide by as much as 11.5 percent and its bonds hit record lows on Monday before clawing back some of the losses amid concerns about the lender’s ability to restructure its business without asking for more money.

The situation prompted Swiss regulator FINMA and the Bank of England in London, where the lender has a major hub, to monitor what was happening and work closely together, one source familiar with the matter said.

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