The curbs add to Credit Suisse’s problems as it tries to restructure operations and find its footing after a series of costly scandals
Credit Suisse declined to comment. The bank has previously said that it is a strong, global bank. “We fulfill 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 spokesperson 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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