Browsed by
Tag: Credit Suisse

The next Lehman Bros?

The next Lehman Bros?

There are some serious rumours doing the rounds about a major bank failure October about to start with a disaster? ABC Australia is reporting that a major investment bank is on the brink, citing ‘a credible source’. Most are pointing towards Credit Suisse. It was caught out in the Archegos disaster and since then (Feb 2021) its share price has spiralled to $3.90 from $14.90. Moreover, the credit default swaps are at distressed levels. A memo from the CEO to…

Read More Read More

Wordpress Social Share Plugin powered by Ultimatelysocial
RSS