It is, of course, awards season here at Euromoney Towers, but sometimes our conventional categories don’t quite capture the full and complex picture of financial industry achievement. For example, we may need to introduce a new accolade of The World’s Least Necessary Regulatory Communication.
In most years, candidates would be legion. But for this year it seems difficult to look past one in particular.
“Credit Suisse Group AG (Credit Suisse) announced today that the New York Stock Exchange (NYSE) notified Credit Suisse on May 1, 2023, that it is no longer in compliance with the NYSE’s continued listing minimum price criteria set forth in the NYSE Listed Company Manual, which requires listed companies to maintain an average closing share price of at least $1.00
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