Credit Suisse’s Wild Ride Is Starting to Spook Some Clients

Inside the bank, relationship managers sought to persuade clients to stay as rival bankers sought to fan speculation about Credit Suisse’s financial health, the people said, asking not to be identified because the information is private. In the end, the lender stepped in with a $3 billion bond repurchase to calm the market and take advantage of the recent selloff in its debt.

Source link