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24.11.2022 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES APS 10,000 6,350.01 2 0.635 0.635 0.635 0.635 0.000 BMIT 25,000 11,550.00 1 0.462 0.462 0.462 0.462 -0.002 BOV 21,329 18,689.98 5 0.900 0.870 0.880 0.900 0.000 GO 1,000 3,020.00 1 3.020 3.020 3.020 3.020 0.020 HSB 2,390 1,768.60 1 0.740 0.740 0.740 0.740 0.000 TRI 792 1,156.32 1 1.460 1.460 1.460 1.460 0.000 CORPORATE BONDS BN32A 20,000 20,000.00 1 100.000 100.000 100.000 100.000 0.000 CB27A 6,000 5,952.00 1 99.200 99.200 99.200 99.200 0.200 EF27A 4,000 4,000.00 1 100.000 100.000 100.000 100.000 0.000 HP25A 4,500 4,567.50 2 101.500 101.500 101.500 101.500 0.000 IB25A 99,500 101,987.50 2 102.500 102.500 102.500 102.500 0.000 IH26A 5,600 5,656.00 2 101.000 101.000 101.000 101.000 0.000 IH26B 4,800 4,776.00 1 99.500 99.500 99.500 99.500 0.000 IH31A 12,000 11,460.00 4 95.500 95.500 95.500 95.500 0.000 MD26A 17,800 17,801.12 4 100.040 100.000 100.040 100.000 -0.040 MF24A 100 102.60 1 102.600 102.600 102.600 102.600 0.600 PC26A 4,500 4,485.00 4 100.000 99.500 99.500 100.000 2.000 ST27A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 0.000 Malta Stock Exchange Regulated Main Market Trading Date: 23 Nov 2022 Credit Suisse warns of $1.6 billion loss as rich clients leave CREDIT Suisse expects a pretax loss of up to 1.5 billion Swiss francs ($1.58 billion) in its fourth quarter as it keeps bleeding cash, the Swiss bank said on Wednesday, shortly before shareholders approved a $4 billion capital hike. e bank said a "challenging" eco- nomic and market environment had hurt client activity, while cash outflows across the business had increased at the start of its fourth quarter. e profit warning is the latest setback for the embattled lender which had previously forecast a net loss for the last three months of the year but did not give a figure. e bank also gave a sobering assessment of the scale of its prob- lems, which have been exacerbated by clients withdrawing savings and investments. e bank said that there had been an outflow equivalent to 6% of as- sets managed by the group at the end of the third quarter. It said this trend in the wealth management division, catering to rich clients, has since improved, but had yet to reverse. As a result, the bank was forced to dip into liquidity buffers, slipping below certain minimum regulato- ry requirements although it said its core liquidity and funding require- ments had been held. Credit Suiss (CS)e held an extraor- dinary general meeting Wednesday, winning approval for the capital in- crease to fund a recovery from the biggest crisis in its 166-year history. e bank has been battered by a string of scandals and losses, in- cluding a $5.5 billion loss from the unraveling of US investment firm Archegos. It also had to freeze $10 billion worth of supply chain finance funds linked to insolvent British financier Greensill. "e Investment Bank has been impacted by the substantial in- dustry-wide slowdown in capital markets and reduced activity in the Sales & Trading businesses, exac- erbating normal seasonal declines, and the group's relative underper- formance," Switzerland's second largest bank said. "Credit Suisse would expect the Investment Bank and the Group to report a substantial loss before taxes in the fourth quarter 2022, of up to … 1.5 billion [Swiss francs] for the Group." is follows a third quarter pretax loss of 342 million francs and a 1.94 billion franc loss so far this year. Client activity had remained sub- dued in the wealth management and Swiss Bank divisions, a situ- ation expected to continue in the coming months, the bank said. Analysts expressed concern about the outflows, which Bank Vontobel estimated to be around 84 billion Swiss francs ($88.2 billion). "e massive net outflows in Wealth Management, CS's core business alongside the Swiss Bank, are deeply concerning — even more so as they have not yet re- versed," said Vontobel analyst An- dreas Venditti. "CS needs to restore trust as fast as possible — but that is easier said than done." In wealth management, outflows had reduced "substantially" from the high levels of the first two weeks of October and were around 10% of assets under management at the end of the third quarter of 2022, Credit Suisse said. e cost of insuring the debt of Credit Suisse against default rose and its bonds came came under pressure after the announcement, which stripped as much as 6% off the value of its shares, which have lost almost 60% so far this year. Credit Suisse also highlighted its efforts to improve its balance sheet and reduce risk, including bond sales which raised $5 billion and selling part of its Securitized Prod- ucts Group. At the end of October, Credit Suisse unveiled a plan to cut thou- sands of jobs and shift its focus away from investment banking and towards less turbulent wealth man- agement. It said it was also making progress towards its goal of reducing costs by 15% by 2025, including cutting expenditure by around 1.2 billion francs by the end of 2023. "e Group continues to execute on the decisive strategic actions detailed on October 27, 2022, to create a simpler, more focused and more stable bank," it said. PC26A - 3.75% PRC PLC

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