ZURICH, March 13 (Reuters) - Credit Suisse shares
reached a new record low in early morning trading on
Switzerland's stock exchange.
The Swiss bank's shares tumbled over 8% and were trading at
2.29 Swiss francs ($2.50) per share, down from the previous low
of 2.41 francs per share reached on Friday.
Struggling to recover from a string of scandals,
Switzerland's second-biggest bank has begun a major overhaul of
its business, cutting costs and jobs to revive its fortunes,
including creating a separate business for its investment bank
under the CS First Boston brand.
Last week it announced it was delaying the publication of
its annual report following a call from the United States
Securities and Exchange Commission, which raised questions about
its earlier financial statement.
($1 = 0.9152 Swiss francs)
(Reporting by Noele Illien, Editing by Friederike Heine)
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