Major banks place curbs on new dealings with Credit Suisse FMTNews FMTBusiness
The curbs against Credit Suisse add to the bank’s problems as it tries to find its footing after a series of scandals.
“We fulfil and basically overshoot all regulatory requirements. Our capital, our liquidity basis is very strong,” chief executive Ulrich Koerner said earlier this week in a media interview, a spokesman previously told Reuters. These five people with direct knowledge of the matter requested anonymity because of the sensitivity of the situation.
Another global bank has reduced its unsecured exposure to Credit Suisse, which includes all lending with no collateral, according to a person with knowledge of the matter. The bank is still providing repurchase agreements, which is secured lending.
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