GBP/USD bears in the market on safe haven US Dollar buying on Credit Suisse risk – by fx_ross GBPUSD DollarIndex Fed BOE Currencies
Bob Michele, JPMorgan Asset Management CIO and global head of fixed income said Credit Suisse is the tip of the iceberg.
Credit Suisse has been battling to recover from a string of scandals that have undermined the confidence of investors and clients and the institution´s plunging stock price has re-ignited jitters among investors about the resilience of the global banking system following the collapse of Silicon Valley Bank last week. Credit Suisse CEO Ulrich Koerner moved to calm nerves, saying the bank's liquidity base remained strong and was well above all regulatory requirements.
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.
GBP/USD Price Analysis: Bears seek a break of structure while price slows below 1.2200GBP/USD has run up towards an area of potential resistance area on the daily chart as the following will illustrate. This gives rise to the prospects
Read more »
GBP/USD: Break above 1.2270 to clear the way for a test of 1.2447/49 YTD highs – Credit SuisseGBP/USD has managed to avoid a top but with a break above 1.2270 needed to reassert an upward bias, analysts at Credit Suisse report. Sustained close
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 »