Credit Suisse’s US sales fall off a cliff

Credit Suisse issued 204 products worth US$521m in the US during Q2 2021, significantly down from 304 products with sales of US$1.03 billion in the prior year quarter. The bank dropped outside the top 10 US issuer group rankings for the first time since Q4 2011, finishing fourteenth with a market share of just over two percent.   In the months leading up to 2021, the bank’s issuance and sales had remained strong. It collected US$1.6 billion from 480 products in Q3 2020 while during