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5.10.22
Credit Suisse Stock Lending Clients Retreated Amid Swings Bank had to reverse transactions as some clients were spooked. - bloomberg
Credit Suisse Stock Lending Clients Retreated Amid Swings
Bank had to reverse transactions as some clients were spooked
Outflows have since reversed, with no material revenue impact.
A Credit Suisse Group AG business that lends out shares reversed some of those transactions in recent days after investors that provided the securities pulled back over concern about the bank’s financial health.
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