Credit Suisse Chairman Says Bank’s Liquidity Is Improving
- Liquidity coverage ratio had dropped to 120%-130% from 190%
- Prudential metrics to help calm markets, Lehmann says
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Credit Suisse Group AG Chairman Axel Lehmann said the main indicators of the bank’s financial stability were strong and that its level of liquidity is improving after declines in recent weeks.
The Zurich-based bank’s liquidity coverage ratio, which measures the quantity of easily-sold assets available to meet obligations, is currently at 140%, Lehmann said in an interview with Bloomberg Television’s Francine Lacqua on Friday.