Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say
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Credit Suisse will be holding meetings over the weekend to assess scenarios for the bank as it struggles to regain confidence from the market, people with knowledge of the matter told Reuters on Friday.
The meetings will involve teams reporting to Chief Financial Officer Dixit Joshi, the people said. Executives will run through the numbers and formulate scenarios that might reshape Credit Suisse's future, the sources added.
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Pro Picks: Watch all of Thursday's big stock calls on CNBC
Christina Falso
Credit Suisse declined to comment.
On Thursday, the bank said it would seek a $54 billion loan from the Swiss National Bank after its customers pulled more than $100 billion in funds in recent months and its shares plunged 25% on Wednesday.
The emergency lifeline has provided the embattled lender with some relief but its shares resumed their descent on Friday.
With investor confidence still weak, some analysts have said the loan facility has only bought Credit Suisse time to work out what to do next strategically to restore profitability.
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Skip Navigation. watch live. Markets. Pre-Markets. U.S. Markets. Currencies. Cryptocurrency. Futures & Commodities. Bonds. Funds & ETFs. Business. Economy. Finance. Health & Science. Media. Real Estate. Energy. Climate. Transportation. Industrials. Retail. Wealth. Life. Small Business. Investing. Personal Finance. Fintech. Financial Advisors. Options Action. ETF Street. Buffett Archive. Earnings. Trader Talk. Tech. Cybersecurity. Enterprise. Internet. Media. Mobile. Social Media. CNBC Disruptor 50. Tech Guide. Politics. White House. Policy. Defense. Congress. Equity and Opportunity. CNBC TV. Live TV. Live Audio. Business Day Shows. Entertainment Shows. Full Episodes. Latest Video. Top Video. CEO Interviews. CNBC Documentaries. CNBC Podcasts. CNBC World. Digital Originals. Live TV Schedule. Watchlist. Investing Club. Trust Portfolio. Analysis. Trade Alerts. Meeting Videos. Homestretch. Jim's Columns. Education. PRO. Pro News. Pro Live. Subscribe. Sign In. Menu. Make It. select Credit Cards Loans Banking Mortgages Insurance Credit Monitoring Personal Finance Small Business Taxes Help for Low Credit Scores Investing. USA. INTL. watch live. Search quotes, news & videos. Watchlist. SIGN IN. Create free account. Markets. Business. Investing. Tech. Politics. CNBC TV. Watchlist. Investing Club. PRO. Menu. Markets. WATCH LIVE. In this article. CSG.N-CH. Follow your favorite stocks CREATE FREE ACCOUNT. Credit Suisse will be holding meetings over the weekend to assess scenarios for the bank as it struggles to regain confidence from the market, people with knowledge of the matter told Reuters on Friday. The meetings will involve teams reporting to Chief Financial Officer Dixit Joshi, the people said. Executives will run through the numbers and formulate scenarios that might reshape Credit Suisse's future, the sources added. related investing news. Pro Picks: Watch all of Thursday's big stock calls on CNBC. Christina Falso. Credit Suisse declined to comment. On Thursday, the bank said it would seek a $54 billion loan from the Swiss National Bank after its customers pulled more than $100 billion in funds in recent months and its shares plunged 25% on Wednesday. The emergency lifeline has provided the embattled lender with some relief but its shares resumed their descent on Friday. With investor confidence still weak, some analysts have said the loan facility has only bought Credit Suisse time to work out what to do next strategically to restore profitability. TV. WATCH LIVE. WATCH IN THE APP. UP NEXT | ET. Listen. TV. WATCH LIVE. WATCH IN THE APP. UP NEXT | ET. Listen. Subscribe to CNBC PRO. Licensing & Reprints. CNBC Councils. Select Personal Finance. CNBC on Peacock. Join the CNBC Panel. Supply Chain Values. Select Shopping. Closed Captioning. Digital Products. News Releases. Internships. Corrections. About CNBC. Ad Choices. Site Map. Podcasts. Careers. Help. Contact. News Tips. Got a confidential news tip? We want to hear from you. Get In Touch. Advertise With Us. Please Contact Us. CNBC Newsletters. Sign up for free newsletters and get more CNBC delivered to your inbox. Sign Up Now. Get this delivered to your inbox, and more info about our products and services. Privacy Policy. |. Do Not Sell My Personal Information. |. CA Notice. |. Terms of Service. © 2023 CNBC LLC. All Rights Reserved. A Division of NBCUniversal. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers. Data also provided by.