Even before the shock collapse of two U.S. banks, Credit Suisse had faced a slew of problems, including money laundering charges and spying allegations.
Analysts welcomed the move and suggested fears of a fresh banking crisis may be overstated.
"Regaining trust is key for the CS shares. Measures taken should provide some comfort that a spillover to the sector could be contained, but the situation remains uncertain," she added. "In short, we think bank solvency fears are overdone, and most banks retain strong liquidity positions," they added.For Dan Scott, head of multi-asset management at Swiss asset manager Vontobel — who used to work at Credit Suisse — it's not all bad news.
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