10:39 AM · 6 March 2023

Credit Suisse under pressure after losing its largest shareholder

The shares of Swiss bank Credit Suisse (CSGN.US) are under pressure at the start of the new week due to news of the sale of all of the bank's shares by Harris Associates, which had been Credit Suisse's largest shareholder for nearly 20 years, the Financial Times reported. As the FT added quoting David Herro, CIO of Harris Associates, the bank's future is very uncertain.

The company's shares have lost nearly 95% of their value since 2007. Source: Bloomberg

The company's shares are trading in a clear downward trend all the time. Source: xStation 5

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