The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland September 26, 2022.

Some of the bank's wealth management clients have recently become concerned about Credit Suisse's turnaround, two people familiar with the discussions told Reuters, and some have been moving funds, according to one of the people.

Unsubstantiated social media speculation about the bank’s solidity over the weekend triggered a slump in its bonds while the cost of insuring against a Credit Suisse default jumped on Monday to a level not seen in decades.
But what makes it even harder now is that you increased funding costs dramatically and profitability, which was already under pressure, is now even further under pressure."

In his note, Beaumont pointed to various measures of Credit Suisse's capital levels, saying it seemed to be "sufficient to absorb upcoming losses from divestments/asset sales."
Source: Investing.com
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