Credit Suisse continues to decline

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Source: Dukascopy Bank SA


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 warns about the possibility of fourth quarter losses up to 1.5 billion CHF.

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