Overnight deposits held by the Swiss National Bank plunged by 77.5 billion Swiss francs ($78.32 billion) last week, their biggest ever weekly fall, the latest sign of the central bank's switch to a more restrictive monetary policy.
Credit Suisse shares slid by as much as 10% on Monday, reflecting market concerns ahead of a restructuring plan due to come with third-quarter results at the end of October.
Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday.
New hedge fund launches dove in the second quarter to the lowest level since the 2008 global financial crisis, while fund liquidations spiked, industry data provider HFR said on Friday.
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British bank Barclays agreed to a $361 million penalty over internal control failures related to the unregistered offer and sale of "an unprecedented amount" of securities, the U.S. Securities and Exchange Commission said on Thursday.
Credit Suisse has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo seen by Reuters on Friday and confirmed by a spokesperson for the Swiss bank that is due to announce the outcome of a strategic review next month.
Societe Generale's next chief executive, Slawomir Krupa, will be tasked with leading France's third-biggest listed bank amid risks of a global recession and a crippling European energy crisis.
French bank Societe Generale said on Friday its board had picked Slawomir Krupa, who currently runs its investment banking business, as its new group chief executive.
Commerzbank's top executives told employees on Friday that the next three months will be the hardest this year for the bank and that a recession in Germany was more likely.
