|Bid||19.50 x 150000|
|Ask||0.00 x 139000|
|Day's Range||19.85 - 20.50|
|52 Week Range||19.85 - 20.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
(Reuters) -At least four major banks, including Societe Generale SA and Deutsche Bank AG, are restricting new trades involving Credit Suisse Group AG or its securities, according to five sources with direct knowledge of the matter, as the Swiss bank struggles to restore confidence. Credit Suisse declined to comment. The cautious stance adopted by Credit Suisse’s rivals, details of which have not been reported before, comes after the Swiss central bank threw a lifeline to the lender after its shares were pummelled in the aftermath of the U.S. banking crisis this week.
Societe Generale SA agreed to pay $157 million to settle a lawsuit accusing the French bank and several other banks of contributing to imprisoned Ponzi schemer Allen Stanford's estimated $7.2 billion fraud. Money would go to a court-appointed receiver who is repaying victims of Stanford's fraud, which was uncovered in Feb. 2009, two months after the arrest of Bernard Madoff. Societe Generale denied wrongdoing, and settled to avoid the burden, "very substantial expense" and risk of litigation, settlement papers show.
The U.S. Securities and Exchange Commission (SEC) sought information from SocGen's U.S. unit related to "compliance with record-keeping requirements in connection with business-related communications on messaging platforms that were not approved by the firm," the lender said in its report. The SEC in 2021 began probing into how Wall Street banks were keeping track of employees' digital communications, Reuters reported at the time, and later the Commodity Futures Trading Commission (CFTC) was also scrutinizing the issue, bank disclosures showed.