“Three Credit Suisse investors told Reuters they were concerned about the fallout for the bank. They declined to be named due to the sensitivity of the matter. An investor in Credit Suisse debt said the main financial risk was to the bank’s reputation, which it said was a key asset for the wealth management business. One Credit Suisse shareholder said the bank should fully compensate investors in the supply chain funds. A second equity investor said that, as well as reputational risk, it was worried about the effect of the Greensill collapse on the bank’s future asset-raising and its credentials in the growing business of socially responsible investing.”
Reuters
March 18, 2021
“An investor in Credit Suisse debt said the main financial risk was to the bank’s reputation.”
Click on Read More (below) for full text (no paywall).
Steel City Re’s helps financial institutions mitigate reputation risk.
For a broader view of reputation risk, discover additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution. Learn about our services here.
What’s your strategy?