Latest Breaking News On - Dominique gerster - Page 1 : comparemela.com

(Bloomberg) A Credit Suisse Group AG business that lends out shares reversed some of those transactions in recent days after investors that provided the securities pulled back over concern about the bank’s financial health. The Zurich-based lender told borrowing clients at the stock-loan unit that some counterparties temporarily stopped dealing with it because of mounting market pressure, forcing it to withdraw shares, according to people with knowledge of the matter. The unit saw less than 5% of the total pool pulled, and there was no funding impact for Credit Suisse, one of the people said. While the bank is merely a middle-man in the securities lending deals, several investors that provided the shares have been asking what risks they’re taking with regard to the bank itself, said the people, asking for anonymity discussing non-public information. Some outflows from the stock-loan business reversed over the past 24 hours and the revenue impact is not material, one of them said.

Ulrich koernerDominique gersterCredit suisseBloomberga credit suisse groupChief executive officer ulrich koernerArchegos capitalBusiness general