Zuercher Kantonalbank (ZKB.UL) is not trying to poach clients from embattled Credit Suisse , the state-backed cantonal bank's chief executive said in a newspaper interview published on Saturday.
The logo of Zuercher Kantonalbank bank is seen at its headquarters in Zurich, Switzerland September 24, 2020. REUTERS/Arnd WiegmannZURICH, Dec 17 - Zuercher Kantonalbank is not trying to poach clients from embattled Credit Suisse
Amid a social media storm that sparked unfounded speculation about its stability, Credit Suisse reported sharp outflows in October as wealthy clients moved assets elsewhere, although itsZKB CEO Urs Baumann told the Neue Zuercher Zeitung his bank was not actively approaching Credit Suisse clients and said ZKB was not using its state backing as a marketing tool amid such market jitters.
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