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How Credit Suisse’s latest concerns could scupper an investment bank overhaul
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fnlondon.comCredit Suisse executives have called for calm from investors and staff until they unveil a fresh overhaul on 27 October. But fears over the health of the Swiss lender could scupper plans to radically change its investment bank.
The Swiss lender is battling a fresh crisis of confidence after spreads on credit default swaps, a form of insurance against a potential default, hit a new high of 293 basis points on 3 October, while its share price fell 12% in early trading and has tumbled by 60% over the course of 2022 amid ongoing...
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