Shares in Credit Suisse have started trading in the US, just a week before Deutsche Bank embarks on its own US listing.
Lukas Mühlemann, chairman and chief executive of Credit Suisse Group, said: "The listing on the New York Stock Exchange strengthens our position on the US market, and enhances our visibility in the US marketplace." The firm's shares are already listed in Switzerland, Germany and Japan. Credit Suisse is listing its shares in the form of American depositary shares (ADS), while Deutsche shares will trade as global registered shares. Deutsche is due to list on the New York Stock Exchange on October 3.
