Surveillance: CS CEO Koerner Urges Patience
Bloomberg Surveillance
00:00
Magnus, I Think It Was a Big Mistake From the Company's Side.
Magnus Hjalmarsson: The divestment of the Swedish banks is a standalone assessment of the decision made at a different time. We had discussion with Silicon Valley Bank during the fall because we also saw as many others, the withdrawal of deposits and what that led when it comes to duration and liquidity aspects. Then last week, the company acted not in accordance with the action plan. And that surprised us and I think that was a big mistake from the company's side.
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