Credit Suisse shares fell by as much as 5.8% following two days of sharp swings, which saw its shares jump 20% on Thursday following a 24% drop on Wednesday
resumed their decline on Friday, giving up early gains, in a sign that investor sentiment remains fragile in a week that has seen the troubled Swiss lender secure a $54-billion lifeline.
following a 24 per cent drop on Wednesday when its largest investor said it would not be able to increase its stake. Volatility remained high.“Whether depositors are sufficiently reassured to stem outflows over the next few days is a key question, in our view,” said Frédérique Carrier, head of investment strategy for RBC Wealth Management.
The head of the Credit Suisse’s Swiss business said late on Thursday the funding would allow the bank to continue its revamp, although it could take time to win back client confidence.
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