Bets that Credit Suisse will default on its debt have hit a record high as pressure mounts on the banking industry
The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. Picture taken October 28, 2020.Bets that Credit Suisse will default on its debt soared to record levels on Wednesday.The plunge for Credit Suisse came after a top investor said it would not invest more money in the bank.
Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse Stock Price Drops 17% to New Low as Jitters MountCredit Suisse shares (CSGN) fell as much as 17% early Wednesday and hit a fresh all-time low, reflecting increasing concerns about the bank's struggles to stabilize its operations. Prices on Credit Suisse bail-in bonds, which get wiped out in c
Read more »
Credit Suisse says outflows have stabilized but not reversedCredit Suisse said customer 'outflows stabilized to much lower levels but had not yet reversed as of the date of this report' in its 2022 annual report published on Tuesday.
Read more »
Credit Suisse finds 'material weaknesses' in financial reporting, says outflows 'not yet reversed'Credit Suisse said its net asset outflows had 'not yet reversed,' and that 'material weaknesses' were identified in its financial reporting processes.
Read more »
Credit Suisse publishes delayed annual report in which it admits to financial control weaknessesCredit Suisse on Tuesday published its delayed annual report -- which describes material weaknesses in its financial controls -- as it also announced it...
Read more »
Credit Suisse executive board will not receive a bonus for 2022Credit Suisse group's executive board took home 32.2 million Swiss francs ($35.27 million) in fixed compensation while collectively forgoing a bonus for the first time in more than 15 years, the Swiss bank said in its annual report published on Tuesday.
Read more »
Credit Suisse flags 'material weaknesses' in financial reportingCredit Suisse released its delayed annual report on Tuesday in which it identified 'material weaknesses' in its internal controls over financial reporting and said it had not yet stemmed customer outflows.
Read more »