Credit Suisse Notified by NYSE It’s Not Meeting Listing Rules
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Credit Suisse Group AG said that it’s been notified by the New York Stock Exchange that it’s no longer in compliance with minimum listing criteria.
The Swiss bank said on Wednesday that it isn’t meeting the NYSE’s requirement that listed companies maintain an average closing price of at least $1 over a straight 30 day trading period. Credit Suisse said that it expects its acquisition by UBS to cure the deficiency.