ZURICH—Credit Suisse shares slid by as much as 11.5 percent and its bonds hit record lows on Monday amid concerns about the bank’s ability to revamp its business and bolster its capital after a string of losses precipitated a strategy reboot.
Chief Executive Ulrich Koerner last week told staff that Credit Suisse, whose market capitalization dropped to a record low of 9.73 billion Swiss francs ($9.85 billion) on Monday, has solid capital and liquidity. The bank plans to unveil its restructuring plan with third-quarter earnings on Oct. 27.
