Reply To: Swiss National Bank Raises Policy Rate by 50 bps to 1.50%, says Switzerland Banking Crisis Over


“We have strong capital ratios, a strong balance sheet,” he said, adding that the bank was in the process of executing a radical restructuring aimed at arresting years of scandals and losses. “We already took the medicine.”

A day earlier, chief executive Ulrich Körner said customers were continuing to pull money from the bank, but at a much lower level than late last year, when Credit Suisse suffered SFr111bn of outflows.

Credit Suisse shares are down 35 per cent this year and 84 per cent over the past two years.