Axa confirms EUR600mn exposure to Credit Suisse
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Axa confirms EUR600mn exposure to Credit Suisse

Rachel Dalton
20 March 2023
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Exterior view of the headquarters of the insurance group Axa

Axa has confirmed it has around EUR600mn ($642mn) in exposure to Credit Suisse, after rival UBS agreed to a $3.25bn rescue takeover of the troubled bank.

The takeover was agreed over the weekend, after a $54bn credit line from the Swiss National Bank last week failed to stop the slide in Credit Suisse’s share price.

The

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News Operations/tech Axa
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Rachel Dalton
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