More weakness
Credit Suisse’s trouble is not new. But nevertheless, its latest weakness may be an indication that the bank contagion may not be contained yet.
The market is so volatile and sensitive now. Rallying and falling hard on almost every news
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KB trader : Yeah.. looking for the next short target else where after US put in place a backstop. Credit Sussie then next will be banks in EU, Asia.. bloodbath in the making.
WhyInvest : credit suisse too big to fall?
102175775 : its obviously a comspiracy to try to bring it down
Justin Zacks : While Credit Suisse's problems are well known, time is now of the essence due to nervousness around the entire global banking system. Preventing a run on the commercial bank, wholesale withdrawals from the private bank and making sure counterparties are still comfortable in dealing with the investment bank are very important to Credit Suisse at this juncture. The Swiss government is looking into ways to stabilize the bank, according to Bloomberg. Those could include a liquidity backstop and less likely a sale of all or part of the bank to UBS.
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Cow Moo-neyOP Justin Zacks: Good points!