Credit Suisse

Senior Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about the Swiss bank's liquidity and capital ...

Shares of Credit Suisse touched fresh lows last week. The stock is down about 55% year-to-date. Spreads of the bank's credit default swaps (CDS), ...

[Reuters](https://www.reuters.com/business/finance/exclusive-credit-suisse-sounds-out-investors-about-capital-hike-sources-2022-09-22/) that it's in the process of a strategy review that includes potential divestitures and asset sales, and that [an announcement is expected on Oct. "The silver lining at end of this period is the fact that central banks will probably start to relent some time as both inflation is down and financial conditions worsen dramatically," Vail said. The analysts did not name Credit Suisse. banks by "a large European bank." Federal Reserve's direction, said John Vail, chief global strategist at Nikko Asset Management, on CNBC's " [Credit Suisse](https://www.cnbc.com/quotes/CSX1-FF?qsearchterm=credit%20suisse%20group) plunged nearly 10% in Europe's morning session, after the [Financial Times](https://www.ft.com/content/c62bea1f-2929-4473-838d-665dc6c45f83?accessToken=zwAAAYObu1TpkdPGK-ofKSlEc9ODjWZdxsRfgw.MEYCIQDfPV6GcLrEj_ixpAHacA-FSmvksvSLJ8OTx62_b6_UAgIhAIsfAG9edZGzQbKVh2FXoGL4Mm786qKFlbePH6UWFxaS&sharetype=gift&token=bd0f4699-bd56-411e-b13a-f68bc419914c) reported the Swiss bank's executives are in talks with its major investors to reassure them amid rising concerns over the Swiss lender's financial health.

Some of the most intense speculation has surrounded the future for large financial institutions Credit Suisse and Deutsche Bank, with both attracting market ...

“The euro area and the UK are in recession, China is in a growth recession, and the US is flirting with recession.” The attention on Credit Suisse and Deutsche is understandable given the dramatic intervention by the Bank of England in the UK bond market. The Bank of England was forced to intervene because lending for housing was starting to be hit and the rising yields had caused a potential crisis in the UK pension fund sector. However, other traders think the pessimism has been overdone and have rated Deutsche Bank as a buy and remain confident that Credit Suisse and its strong and valuable banking and wealth management platforms will provide enough of a buffer to allow it to rescue and restructure its poorly performing investment bank. The speculation saw Credit Suisse chief executive officer Ulrich Koerner last week reassure investors and staff – admitting that the bank is facing a “critical moment” but stressing that the Swiss-based financial institution has a “strong capital base and liquidity position.” You know things are getting serious when the Bank of England is forced to step in and buy bonds because the country’s entire defined benefit pensions system is put in danger because of rocketing bond yields.

Ulrich Körner says he is 'confident we have what it takes to succeed' and tells staff coverage of bank's crisis contains 'inaccurate statements'

The swaps began the year costing 0.57%. [Suisse secrets investigation](https://www.theguardian.com/news/series/suisse-secrets), conducted by a consortium including the Guardian, [exposed](https://www.theguardian.com/news/2022/feb/20/credit-suisse-secrets-leak-unmasks-criminals-fraudsters-corrupt-politicians) the hidden wealth of clients involved in torture, drug trafficking, money laundering, corruption and other serious crimes. The bank plunged from a profit of 2.7bn francs (£2.47bn) in 2020 to a loss of 1.65bn francs (£1.51bn) last year, driven mostly by big losses on its investments in failed supply chain finance group Shares were down 9% on Monday morning. [job cuts](https://www.theguardian.com/business/2022/sep/02/credit-suisse-weighs-up-5000-job-cuts-restructuring-plan), selling assets and asking investors for a fresh infusion of cash, on 27 October. [Credit Suisse](https://www.theguardian.com/business/creditsuisse) has attempted to reassure staff the globally significant Swiss bank has a solid balance sheet after credit markets rated its risk of default as the highest in a decade.

(Oct 3): Credit Suisse CSGN.S executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, ...

Credit Suisse five-year credit default swaps (CDS) jumped six basis point to close to 247 bps on Friday, the highest level in at least 10 years, S&P Global Market Intelligence data showed. Credit Suisse CDS began the year at 57 bps. Executives made the calls after spreads Credit Suisse credit default swaps (CDS), which offer protection against a company defaulting, rose sharply on Friday in an indication of investor concerns, the newspaper said.

Over the weekend, several media outlets reported that Credit Suisse sought to assuage investors' concerns over its financial health.

"Something is going to break." "I think the Federal Reserve is going to have to face the consequences of a credit event" if it were to occur, Komal Sri-Kumar told CNBC's "Squawk Box Asia" on Monday. - "I think the Federal Reserve is going to have to face the consequences of a credit event" if it were to occur, Komal Sri-Kumar told CNBC's "Squawk Box Asia" on Monday.

Shares in Credit Suisse fell by about 10% in early trading, reflecting market concern about the Swiss bank as it finalises a restructuring due to be ...

Deutsche Bank analysts in August estimated a capital shortfall of at least 4 billion francs. Given the uncertainties, the bank's financing costs have surged. [read more](/business/finance/exclusive-credit-suisse-sounds-out-investors-about-capital-hike-sources-2022-09-22/) [read more](/business/finance/credit-suisse-posts-bigger-than-expected-q2-loss-2022-07-27/) [read more](/business/finance/credit-suisse-executives-reassure-investors-after-cds-spike-ft-2022-10-02/) [read more](/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/)

ZURICH (Oct 3): Shares in beleaguered Swiss bank Credit Suisse fell around 10% in early trading, reflecting market concern about the group as it finalises a ...

Swiss bank fails to calm concerns as cost of buying its credit default swaps soars.

ZURICH, Oct 3 — Credit Suisse shares slid by as much as 10 per cent today, reflecting market concerns ahead of a restructuring plan due to come with ...

Deutsche Bank analysts in August estimated a capital shortfall of at least 4 billion francs. Given the uncertainties, the bank’s financing costs have surged. Swiss regulator FINMA and the Bank of England in London, where the lender has a major hub, were monitoring the situation at Credit Suisse and working closely together, a source familiar with the situation said.

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A closely-followed gauge of credit risk for the bank is at record high, even after its Chief Executive Officer Ulrich Koerner had sought to calm employees over the weekend. There remain reasons to be cautious, according to Citi analysts. The word of reassurance came ahead of Credit Suisse’s strategic plan -- on possible asset and business sales -- to be unveiled at the end of October.