‎“Credit Suisse” CEO calls on his staff to focus on facts amid ‎turmoil

Credit Suisse CEO Ulrich Korner on Thursday told staff to focus on the facts and vowed to press ahead with a plan to streamline operations.

According to “Reuters”, he said, in a note to employees, that the bank will continue to focus on making a transformation from a position of strength, and in this regard he indicated the improvement in the liquidity coverage ratio and the recent capital increase.

The bank stated today, Thursday, that it had reached an agreement with the Swiss National Bank (the central bank) to borrow up to 50 billion Swiss francs ($ 53.94 billion).

Separately, the National Bank of Saudi Arabia, the bank’s largest shareholder, told CNBC that the turmoil in its shares was “unjustified.”