LONDON (Reuters) - The cost of insuring exposure to debt issued by Credit Suisse (CSGN.S) jumped by 3 basis points (bps) on Friday after Chief Executive Tidjane Thiam quit amid a power struggle at Switzerland’s second-biggest bank.
Credit Suisse’s five-year credit default swaps (CDS) CSGN5YEUAM=MG rose to 44 bps after closing at 41 bps on Thursday, according to IHS Markit.
The Zurich-based lender faces investor pressure over a spying scandal being investigated by Swiss regulators. nL8N2A70WM
Reporting by Karin Strohecker; Editing by Tom Arnold