The New York Stock Exchange (NYSE) has notified Credit Swiss that the Swiss bank has fallen foul of its listing rules.
On May 1 2023, NYSE told Credit Suisse was no longer in compliance with its listing minimum price criteria, which requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period.
Credit Suisse must disclose receipt of the notice and has six months to become compliant.
The Swi...