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Credit Suisse Says It Saw No Losses From VIX-Linked Securities

Bloomberg business news
Bloomberg’s Jan-Henrik Foerster reports on what’s changing at Credit Suisse.(Source: Bloomberg)

Credit Suisse Group AG, the Swiss bank scaling down its trading unit, said it hasn’t suffered any trading losses related to exchanged-traded notes with which holders made bets on muted market swings.

“In response to certain media enquires, Credit Suisse confirms that it has experienced no trading losses from Velocity Shares Daily Inverse VIX Short Term ETNs due December 4, 2030,” the bank said in a statement on Tuesday.