Few Credit Suisse clients have closed accounts - CEO of the bank's Swiss unit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 28.11.2022 7:16:00
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The head of Credit Suisse’s Swiss unit said “some customers have withdrawn some of their money, but very few have actually closed their accounts.”

The slogan"Of course it works." is seen behind as CEO Andre Helfenstein of Credit Suisse AG addresses a news conference in Zurich, Switzerland September 10, 2020.The slogan"Of course it works." is seen behind as CEO Andre Helfenstein of Credit Suisse AG addresses a news conference in Zurich, Switzerland September 10, 2020.

The announcement sent the share price tumbling and led to the cost of insuring the debt of Credit Suisse against default rising. A number of options have been floated as paths Credit Suisse may take to help it get it back on track. Helfenstein said splitting the Swiss business from the bank’s international business was “absolutely not an option”.

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