Published 2 years ago

Is Credit Suisse the Lehman Brothers of 2022?

Summary by Ground News

Credit Suisse's stock plunged to a record low of 3.52 Swiss francs on Monday. A sharp spike in the cost of insuring its debt against bankruptcy. Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors. The bank has suffered an 18-month-long string of scandals and embarrassing executive departures.

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Fortune

Is Credit Suisse the Lehman Brothers of 2022?

Harsh winds in the financing sector combined with months of scandals have prompted fears the Swiss lender could be the next Lehman Brothers. Read More

2 years ago·New York, United States

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FortuneIndia

Will Credit Suisse be the 2022 Lehman Brothers? Citi thinks otherwise

Analysts at Citigroup have recommended Credit Suisse to "a buy for the brave", ahead of a restructuring plan to be announced with Q3 results on October 27.

2 years ago

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