New bad news has pushed Credit Suisse shares to a record low. After a report by the Reuters news agency about an inquiry from the financial market regulator Finma about outflows of customer money from the institute, investors sold their Credit Suisse titles on Tuesday. The shares of the crisis-plagued major Swiss bank fell by more than five percent to CHF 2.60, marking a new low. According to insiders, Finma contacted the bank about statements made by the chairman of the board of directors, Axel Lehmann, about the outflow of customer funds. The authority wanted to clarify what Lehmann’s knowledge was when he said in early December that outflows of assets under management had come to a standstill, said two people familiar with the matter.
After FINMA request – Credit Suisse share falls – Economy
