Credit Suisse Stock Falls After Report Chairman Is Being Investigated

Shares of


Credit Suisse


fell close to their lowest level in 30 years after a report said the Swiss lender’s chairman is being investigated by regulators for remarks he made last year.

Axel Lehmann made several public statements in early December saying that outflows from the bank had virtually stopped, after which shares stabilized. Switzerland’s Finma is looking into whether Lehmann knew clients were still withdrawing funds, Reuters reported, citing unidentified people familiar with the situation.

Credit Suisse was down 6.5% in Zurich trading on Tuesday to 2.59 francs. The stock has lost 66% in the past year.