Credit Suisse: Harris Associates has sold all of its shares

One of Credit Suisse’s main shareholders, Harris Associates, has sold its entire stake in the Swiss bank in recent months. Its vice-president and chief investment officer, David Herro, told the Financial Times that he was not convinced that Credit Suisse’s strategy of strengthening its wealth management and splitting up its investment bank would put the establishment back on a good footing. tracks. Harris Associates owned up to 10% of the Swiss bank in 2022.