Norway's sovereign wealth fund has cut Credit Suisse stake to 1%

Kitco Media
By Reuters
Published:
Updated:
Reuters
OSLO, March 15 (Reuters) - Norway's sovereign wealth fund said on Wednesday it had reduced its ownership stake in Credit Suisse this year to around 1% from 1.49% held at the end of 2022. The fund, one of the world's largest investors, did not specify when the shares were sold. "We are closely monitoring the situation in the market, and especially the situation concerning North-American and European banks," the Norwegian fund said in a statement to Reuters. (Reporting by Victoria Klesty, editing by Terje Solsvik)

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