“Credit Suisse Receives Notice of Default from NYSE Over Minimum Listing Price”

ZURICH (Reuters) – The New York Stock Exchange notified on May 1 Swiss credit (SIX:) that does not meet the minimum listing price, which requires companies to have an average share price of at least $1 over a consecutive 30-day listing period, the Swiss bank said on Wednesday.

“Credit Suisse expects the deficiency to be filled upon completion of UBS (SIX:) Group AG (UBS)’s acquisition of Credit Suisse which was announced on March 19, 2023,” the bank said in a statement.

(Reporting by Noele Illien; editing in Spanish by Benjamín Mejías Valencia)