Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.
Yet more drastic restructuring, closing its investment banking arm or even a takeover by a rival were being mooted by analysts studying Switzerland’s second-biggest bank, one of 30 deemed of global importance to the international banking system.
Amid fears of contagion after the collapse of two banks in the United States, on Wednesday Credit Suisse’s biggest shareholder said it would “absolutely not” up its stake in the bank for regulatory reasons.
That triggered panic in the markets and the bank’s shares plunged more than 30 percent during the day’s trading to a new record low of 1.55 Swiss francs a share.