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Oct. 3, 2022, 3:23 a.m. EDT

Credit Suisse shares slump 11% in early trade

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By Steve Goldstein

Credit Suisse shares slumped 11% in early trade on Monday, after a weekend of unflattering headlines about its health after a rise in credit-default swaps on Friday. CEO Ulrich Korner on Friday had sent a company memo saying its stock price does not reflect its capital and liquidity position. The bank is planning to announce a restructuring when it presents its quarterly results.

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