Inside the turmoil at Credit Suisse
Business InsiderJUL 2022
Credit Suisse has made the right decision to calm anxious investors after a week of concerns about the bank's financial health, indicating that it isn't facing a liquidity crunch and allowing it to save money. This move has successfully boosted its shares and reduced the cost of insuring its debt.
Though Credit Suisse shares have jumped following this announcement, the debt buyback represents only temporary relief to the bank's ongoing crisis. Only a deep restructuring plan can restore confidence and attract the billionaire amount of money needed to break the cycle of bad news involving Credit Suisse.