Credit Suisse (CS) Said to Consider Redemption of Volatility ETN XIV (XIV) - Bloomberg

(Updated - February 6, 2018 7:27 AM EST)

Credit Suisse (NYSE: CS) is considering buying back its exchanged-traded note, VelocityShares Daily Inverse (NASDAQ: XIV), which plunged 80% after-hours yesterday, according to Bloomberg, citing people familiar with the situation.

The bank said earlier it has not suffered any trading losses related to the ETN.

XIV is currently halted.

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