NEW YORK, March 17 — Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March...
NEW YORK, March 17 — Credit Suisse Group AG’s average liquidity coverage ratio, a measure of how much cash-like assets the bank has, did not change between March 8 and March 14, the Swiss lender said yesterday, despite the global banking crisis.
In a statement to Reuters, the bank said that all the data “presented in documents for our clients, colleagues and other stakeholders is correct”, adding that the average LCR ratio was accurate on March 8 and accurate on March 14. The bank has said it had dropped below some regulatory thresholds in the fourth quarter because of outflows that it hasn’t since been able to reverse.
Credit Suisse for months has been battling to regain the trust of clients and investors after a series of scandals and losses in recent years.
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