Credit Suisse shares fall around 10% in early trading

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Credit Suisse has solid capital and liquidity, Chief Executive Ulrich Koerner told staff in a memo last week.

Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial Times reported on Sunday.

A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters.

Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer protection against a company defaulting, rose sharply on Friday in an indication of investor concerns.

Credit Suisse shares have fallen by more than half this year.