Oct 2 (Reuters) – Credit Suisse executives scrambled over the weekend to reassure key clients and investors about the Swiss bank’s liquidity and stance, the Financial Times reported on Sunday.
Contacted by Reuters, a spokesman for Credit Suisse refused to comment on the article in the American financial daily.
The contacts were made after Friday’s surge in Credit Suisse’s Credit Swap Default (CDS), which took six basis points to 247 bpd, the highest in at least ten years, according to S&P Global Market Intelligence.
According to the FT, a Credit Suisse official denied reports that the bank had approached investors to discuss a possible capital raise. (Mrinmay Dey Bangalore, French version, Nicolas Delame)