Credit Suisse shares hit new all-time low

ZURICH, March 13 (Reuters) – Credit Suisse shares hit a new all-time low early in the morning on the Swiss stock exchange.

Shares of the Swiss bank fell more than 8% and traded at 2.29 Swiss francs ($2.50) per share, down from a previous low of 2.41 francs per share hit on Friday.

Switzerland’s second-largest bank, struggling to recover from a series of scandals, has embarked on a major restructuring of its business, cutting costs and jobs to get business back on track, including creating a separate activity for its investment bank under CS First. Boston brand.

Last week it announced it was delaying the release of its annual report following a call from the U.S. Securities and Exchange Commission (SEC), which raised questions about its past financial position.

(1 US dollar = 0.9152 Swiss francs)

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