Credit Suisse CEO Tries to Calm Market Nerves. The Stock Falls.= source Barrons

Shares of Credit Suisse CS +2.42% fell Monday after Chief Executive Ulrich Koerner tried to reassure employees and investors about the health of the second-largest Swiss bank.Credit Suisse (ticker: CS) dropped about 7.5% in Zurich trading, extending the decline of the past month to 26%, and 60% for the past year. American depositary receipts of Credit Suisse fell 7% in premarket trading. The cost of insuring the firm’s debt against default rose the highest since the financial crisis in 2009 last week.