Earlier, Credit Suisse's largest shareholder, Saudi National
Bank , said it would not buy more shares in the Swiss
bank on regulatory grounds.
A 30% drop in Credit Suisse shares triggered a 6% plus fall
in the European banking index , while five-year credit
default swaps (CDS) for the flagship Swiss bank hit a new record
high, highlighting increasing investor concerns.
(Reporting by Noele Illien; editing by Dhara Ranasinghe and
Amanda Cooper)
(Corrects the source of the interview in first paragraph)
ZURICH, March 15 (Reuters) - Credit Suisse Chief Executive Ulrich Koerner spoke of the strength of the
Swiss lender's liquidity basis in an interview with CNA on
Wednesday, after its share price dropped more than 30% following
comments by the company's lead investor.
"Our capital, our liquidity basis is very very strong,"
Koerner said. "We fulfill and overshoot basically all regulatory
requirements."
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