Thu, 01 Dec 2022 12:19:07 GMT
Credit Suisse continues to decline
The stock price of Credit Suisse entered its 13th consecutive day of declining, as the stock price lost additional 5.50% and reached 2.67 franc mark. Since November 23, the shares have lost 30.15% of their value. This has been the worst performance since 1989.
The decline has been attributed to massive fund outflows from the bank's wealth-management business. Meanwhile, Credit Suisse