Tales from the trading floor.
Credit Suisse CEO Tidjane Thiam congratulated all the bank's trading teams for the way they handled the aftermath of the Brexit referendum, he said in a newspaper interview published on Sunday.
"I was on the trading floor in London the day after the Brexit referendum. Some of our people worked 36 hours straight and at one point we had 27 times the normal daily trading volume," he told the NZZ am Sonntag newspaper.
"Our systems worked without a hitch. This was a real test of the strength of our organisation."
Reuters reports that Thiam said the chaos following the Brexit vote had also vindicated his decision to sell off illiquid positions and reduce the bank's risk profile.
To access the complete Reuters article hit the link below:
Credit Suisse CEO says cheered by traders' Brexit performance
Companies' forex hedging jumped in before Brexit vote