A former shareholder of Credit Suisse, one of the largest financial institutions in Switzerland, has reportedly sold their entire stake in the bank. The move follows a series of scandals and losses that have impacted the bank's reputation and financial performance. The shareholder, who has not been named, held a significant position in Credit Suisse prior to the sale. It is not clear whether the shareholder's decision was driven by concerns over the bank's recent troubles or for other reasons.
Credit Suisse has faced a number of high-profile issues in recent years, including a spying scandal and significant losses from its involvement with the collapsed hedge fund Archegos Capital Management.
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