Credit Suisse

Credit Suisse executives spent the weekend reassuring large clients, counterparties and investors about its liquidity and capital position, the Financial ...

Register now for FREE unlimited access to Reuters.com A spokesman for Credit Suisse declined to comment on the report when contacted by Reuters.

Welcome to Charts and Caffeine - Livewire's pre-market open news and analysis wrap. We'll get you across the overnight session and share our best insights ...

[ASX: NCM](/stock_codes/asx-ncm)) and Northern Star ( [ASX: NST](/stock_codes/asx-nst)). Written by Hans Lee (Mondays - Thursdays) and Chris Conway (Fridays). [Chris Conway](https://www.livewiremarkets.com/contributors/chris-conway-4adcdb2d-4420-4352-a849-19d20ded0144) wrote today's report. The reason why this chart is important is that earnings revisions from analysts typically lead earnings-per-share (EPS) trends, and EPS trends typically lead share prices. Morgan Stanley have run the ruler over the miners, in light of what's going on in China. Analysts see earnings contracting and lower their EPS forecasts, earnings per share ultimately contract in the economic environment, and share prices tank as the end result. Welcome to Charts and Caffeine - Livewire's pre-market open news and analysis wrap. The Citi research notes that if the global economy is reaching stall speed, as many expects that it is, then EPS expectations must fall and signal contraction in 2023. There has been plenty of movement around Credit Suisse over the weekend. These CDS offer protection against Credit Suisse defaulting. Some analysts are saying it won't be enough, however. - NASDAQ - 10575 (-1.51%)

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.

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.

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.

The management of Credit Suisse Real Estate Fund Green Property has postponed a capital increase announced for the fourth quarter, citing high volatility ...

"The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property," it added. [(CSGN.S)](https://www.reuters.com/companies/CSGN.S) said on Monday a successful issue in the fourth quarter could not be guaranteed. [(GREEN.S)](https://www.reuters.com/companies/GREEN.S) has postponed a capital increase announced for the fourth quarter, citing high volatility for property funds and a market environment which has deteriorated significantly.

Credit Suisse Group AG's new chief has asked investors for less than 100 days to deliver a new turnaround strategy. Turbulent markets are making that feel ...

In your inbox before the open, every day. Want the lowdown on European markets? Turbulent markets are making that feel like a long time.

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/)

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.

Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index , as U.S. equity markets bear the ...

Register now for FREE unlimited access to Reuters.com [target](/markets/europe/goldman-sachs-cuts-2022-target-sp-500-by-16-2022-09-23/) for the S&P 500 by about 16% to 3,600 points, as the U.S. Citigroup, on the other hand, expects the index to end 2023 at 3,900 points. For 2023 year-end, however, Credit Suisse expects a near 13% upside from current levels in the index and has set a target of 4,050 points. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Oct 3 (Reuters) - Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index

Then, there's the fact that the risk of Credit Suisse defaulting (as measured by the cost of insuring against it defaulting), has gone through the roof and is ...

](https://www.efinancialcareers.co.uk/login/register?cm_sp=editorial_registration) [ predicted in March](https://www.efinancialcareers.co.uk/news/2022/03/barclays-clawbacks-etns#:~:text=In%20its%20pillar%203%20report,their%20business%20unit%2C%20%22suffers%20a), Barclays will be clawing back some of the bonuses it paid last year. [[email protected]](mailto:[email protected]) in the first instance. Eventually it will – unless it’s offensive or libelous (in which case it won’t.) [(WSJ)](https://www.wsj.com/articles/macro-hedge-funds-turn-in-banner-year-in-volatile-market-11664530202?mod=markets_lead_pos4) [Click here to create a profile on eFinancialCareers. [unlikely to be Lehman](https://www.efinancialcareers.co.uk/news/2022/10/credit-suisse-the-next-lehman) (in the sense that it’s unlikely to go spectacularly and suddenly bankrupt), it is, however, likely to come out of this period in a very different shape to when it went in. The banks/hedge funds it's negotiating with aren't known for their charity and won't be inclined to cut a generous deal to a counterparty clearly in desperate need of a sale. [on Sunday](https://www.efinancialcareers.co.uk/news/2022/10/credit-suisse-the-next-lehman)), the catalyst for Credit Suisse’s new self seems to have been CEO Ulrich Koerner’s [memo to staff](https://www.reuters.com/business/finance/credit-suisse-has-strong-capital-base-liquidity-ceo-memo-2022-09-30/) on Friday that all is fine at Credit Suisse in terms of liquidity and capital. And many of those who like panicking (Redditors, Twitter pundits), are. it's basically a pile of high carry low duration levfin and securitisation, tiny in rates, small in mortgages— Owen Sanderson (@OwenPSanderson) This, as has been amply observed on Twitter and [other European banks](https://www.derivateverband.de/DEU/Transparenz/Credit-Default-Swaps). Markets price default probability at 20%.— Holger Zschaepitz (@Schuldensuehner)

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

Euro-denominated bonds issued by Credit Suisse dropped to record lows on Monday, reflecting about the Swiss bank as it finalises a restructuring programme ...

The 2032 issue lost more than 7 cents to dip below 70 cents in the euro before retracing some losses to trade at 71.8 cents, Tradeweb data showed. Register now for FREE unlimited access to Reuters.com [(CSGN.S)](https://www.reuters.com/companies/CSGN.S) shares slid by as much as 10% on Monday. Credit default swaps (CDS) for Credit Suisse - instruments used to insure exposure to the lender's debt - stood at 250 basis points (bps) on Monday - a sharp increase from the 57 bps at the start of the year, data from S&P Global Market Intelligence showed. According to the bank's second quarter financial report, Credit Suisse had outstanding long-term debt of 158 billion Swiss francs ($160 billion), including senior and subordinate instruments. [(CSGN.S)](https://www.reuters.com/companies/CSGN.S) dropped to record lows on Monday, reflecting [market concern](/business/finance/credit-suisse-fall-around-10-early-trading-2022-10-03/) about the Swiss bank as it finalises a restructuring programme due to be announced on Oct.

Shares in the troubled Swiss banking giant sunk on Monday as investors worry it may not pull off a risky turnaround plan.

[put courts in charge](https://www.politico.com/news/2022/10/02/courts-could-throw-state-marijuana-markets-into-disarray-00058029)of shaping the U.S. [Crude Jokes](https://www.nytimes.com/2022/10/02/books/bully-market-jamie-fiore-higgins.html?action=click&algo=bandit-all-surfaces-variants-shadow-lda-refined-unique-time-cutoff-30&alpha=0.05&block=trending_recirc&fellback=false&imp_id=231118782&impression_id=17a2e2a8-426e-11ed-8d1f-ffbd18171060&index=0&pgtype=Article&pool=pool%2F91fcf81c-4fb0-49ff-bd57-a24647c85ea1®ion=footer&req_id=774987923&shadow_vec_sim=0.2226893173513137&surface=eos-most-popular-story&variant=2_bandit-eng30s-shadow-refined-lda-unique)Weren’t the Worst of It” (NYT) [Dan Wieden](https://www.businessinsider.com/dan-wieden-advertising-icon-behind-nikes-just-do-it-died-2022-10), the ad-industry legend who helped create Nike’s “Just Do It” campaign, died on Saturday. (NYT) (S.E.C.) (FT) (CNBC) (Bloomberg) This weekend, after [traveling with FEMA](https://www.fema.gov/press-release/20221002/fema-continues-supporting-ian-response)’s administrator, Deanne Criswell, the governor called her “very supportive” and said state and federal officials were working well together. But those sales [missed expectations](https://www.ft.com/content/16456af8-4aff-4153-a6fe-cdfaecef81c3), suggesting Tesla’s financial results for the quarter could fall short as well. Facing such devastation, Florida’s governor, Ron DeSantis, has traded his anti-left rhetoric for [a more diplomatic tone](https://www.washingtonpost.com/politics/2022/09/30/desantis-biden-hurricane-ian/) as he seeks President Biden’s help. [sold 343,830 vehicles](https://www.nytimes.com/2022/10/02/business/tesla-sales.html) worldwide in the third quarter, despite production and shipping challenges. Rumors among traders that the firm’s liquidity was in trouble sent its [credit default swaps](https://www.ft.com/content/6104a699-fa7f-4a81-9c35-a9a2f8ff92d2) — securities that essentially gauge market perceptions of a company’s financial health — surging to a record, indicating deep concern.

Shares of Credit Suisse plunged to a fresh record low on Monday as jittery investors trained their attention on the Swiss bank.

Yet the memo appears to have fueled concerns about the bank instead of tamping them down. “That said, I trust that you are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank.” The But it’s facing renewed scrutiny following a memo to employees from CEO Ulrich Körner sent Friday that was shared with CNN Business. The Financial Times Körner sought to reassure colleagues about the bank’s financial health before he unveils a restructuring plan at the end of this month.

Shares in the troubled Swiss banking giant sunk on Monday as investors worry it may not pull off a risky turnaround plan.

[put courts in charge](https://www.politico.com/news/2022/10/02/courts-could-throw-state-marijuana-markets-into-disarray-00058029)of shaping the U.S. [Crude Jokes](https://www.nytimes.com/2022/10/02/books/bully-market-jamie-fiore-higgins.html?action=click&algo=bandit-all-surfaces-variants-shadow-lda-refined-unique-time-cutoff-30&alpha=0.05&block=trending_recirc&fellback=false&imp_id=231118782&impression_id=17a2e2a8-426e-11ed-8d1f-ffbd18171060&index=0&pgtype=Article&pool=pool%2F91fcf81c-4fb0-49ff-bd57-a24647c85ea1®ion=footer&req_id=774987923&shadow_vec_sim=0.2226893173513137&surface=eos-most-popular-story&variant=2_bandit-eng30s-shadow-refined-lda-unique)Weren’t the Worst of It” (NYT) [Dan Wieden](https://www.businessinsider.com/dan-wieden-advertising-icon-behind-nikes-just-do-it-died-2022-10), the ad-industry legend who helped create Nike’s “Just Do It” campaign, died on Saturday. (NYT) (S.E.C.) (FT) (CNBC) (Bloomberg) This weekend, after [traveling with FEMA](https://www.fema.gov/press-release/20221002/fema-continues-supporting-ian-response)’s administrator, Deanne Criswell, the governor called her “very supportive” and said state and federal officials were working well together. But those sales [missed expectations](https://www.ft.com/content/16456af8-4aff-4153-a6fe-cdfaecef81c3), suggesting Tesla’s financial results for the quarter could fall short as well. Facing such devastation, Florida’s governor, Ron DeSantis, has traded his anti-left rhetoric for [a more diplomatic tone](https://www.washingtonpost.com/politics/2022/09/30/desantis-biden-hurricane-ian/) as he seeks President Biden’s help. [sold 343,830 vehicles](https://www.nytimes.com/2022/10/02/business/tesla-sales.html) worldwide in the third quarter, despite production and shipping challenges. Rumors among traders that the firm’s liquidity was in trouble sent its [credit default swaps](https://www.ft.com/content/6104a699-fa7f-4a81-9c35-a9a2f8ff92d2) — securities that essentially gauge market perceptions of a company’s financial health — surging to a record, indicating deep concern.

At the end of the second quarter, Credit Suisse capital levels and liquidity position looked "healthy," according to JPMorgan's Kian Abouhossein.

"We understand the nature of the concerns, but the current situation is night and day from 2007 as the balance sheets are fundamentally different in terms of capital and liquidity, and we struggle to see something systemic," Horowitz wrote in a note published Sunday. As for the risks of financial contagion from Credit Suisse to other global banks — a hallmark of the 2008 financial crisis — Citigroup 's Keith Horowitz expressed confidence in the capital levels of big American banks. "We think asset sales alone are unlikely to be the solution to the potential capital shortfall problem, but could be a first step and buy time until shares recover," Bocahut wrote.

Credit Suisse's riskiest bonds sank Monday, and its shares hit fresh record lows, on concerns about the Swiss bank's financial health. The cost of insuring ...

The memo appeared to spark fresh concerns, prompting online discussions over the weekend.\n\nIn talking points updated on Sunday for its bankers and relationship managers, Credit Suisse said it has close to a $100 billion capital buffer and continues to expect a 13% to 14% ratio for its highest quality equity capital through the rest of the year.\n\nThe stressed market prices indicate Credit Suisse could struggle to raise new shares to pay for a planned restructuring and that its funding costs could rise sharply.\n\nIt now costs 272 euros a year to insure 10,000 euros of senior debt issued by the bank against default, as measured by 5-year credit-default swaps, said Joost Beaumont, senior fixed income strategist for ABN AMRO Bank. A $1.55 billion additional tier-1 bond that can be redeemed from 2025 was recently bid at about 65.6 cents on the dollar, Tradeweb data showed.\n\nCredit Suisse said in July it would refashion its investment bank and exit some other businesses to become a leaner, less risky institution, following financial disasters that included a $5.1 billion hit last year from client Archegos Capital Management. Credit Suisse’s riskiest bonds sank Monday, and its shares hit fresh record lows, on concerns about the Swiss bank’s financial health.\n\nThe cost of insuring Credit Suisse debt against default, as measured by credit-default swaps, also continued to climb.\n\nThe stock was recently 6.2% lower at 3.73 Swiss francs, paring some losses, after earlier trading as much as 11.6% lower, according to FactSet.

While touting the bank's capital levels and liquidity, CEO Ulrich Koerner acknowledged that the firm was facing a “critical moment” as it worked towards its ...

Last week, Credit Suisse said it’s working on possible asset and business sales as part of its strategic plan which will be unveiled at the end of October. Still, what the bank called a “vicious circle” of declining revenue and rising funding costs took years to reverse. Analysts at KBW estimated that the firm may need to raise 4 billion Swiss francs ($4 billion) of capital even after selling some assets to fund any restructuring, growth efforts and any unknowns. The lender is currently finalizing plans that will likely see sweeping changes to its investment bank and may include cutting thousands of jobs over a number of years, Bloomberg has reported. The firm’s 2021 annual report said that its international regulatory minimum ratio was 8%, while Swiss authorities required a higher level of about 10%. At the same time, Credit Suisse again sent around talking points to executives dealing with clients who brought up the credit default swaps, according to people with knowledge of the matter. Deutsche Bank saw its credit-default swaps [climb](https://www.bloomberg.com/news/articles/2016-10-05/deutsche-bank-debt-insurance-trading-volumes-rise-for-fifth-week-itwspnry), its debt rating downgraded and some clients step back from working with it. [Deutsche Bank](https://fortune.com/company/deutsche-bank) AG six years ago. While touting the bank’s capital levels and liquidity, he acknowledged that the firm was facing a “critical moment” as it worked towards its latest overhaul. There is now a roughly 23% chance the bank defaults on its bonds within 5 years. At the same time, the shares dropped as much as 12% in Zurich on Monday and have lost about 60% just this year alone, on track for the biggest annual drop in Credit Suisse’s history. He also told employees that he will be sending them a regular update until the firm announces the new strategic plan on Oct.

Credit Suisse Group AG was plunged into fresh market turmoil after Chief Executive Officer Ulrich Koerner's attempts to reassure employees and investors ...

Shares of Credit Suisse plunged to an all-time low Monday as investors traded on concerns about the Swiss banking giant's financial health and management's ...

The bank [installed](https://www.forbes.com/sites/roberthart/2022/07/27/credit-suisse-replaces-ceo-after-17-billion-loss/?sh=40f4303d237b) Körner as its top executive in July after the bank missed on earnings, and Credit Suisse has been marred in recent by billions of dollars in losses from financial penalties and the [collapse](https://www.forbes.com/sites/isabeltogoh/2021/11/04/credit-suisse-burned-by-archegos-and-greensill-scandals-shifts-focus-to-wealth-management-in-overhaul/?sh=31b627db2488) of asset manager Archegos and financial services firm Greensill. [Credit Suisse is fending off concerns about its financial health, fanning fears of another Lehman Brothers moment that could roil the global financial system. [according](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/the-world-s-100-largest-banks-2022-69651785) to S&P Global Market Intelligence. Though concerns are not as stark about Deutsche Bank as with Credit Suisse, shares of the German bank are down 42% year-to date. Deutsche Bank’s credit risk Here's what's happening, and what it means.](https://www.businessinsider.com/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10) (Insider) [Credit Suisse reassures investors over its financial strength](https://www.ft.com/content/c62bea1f-2929-4473-838d-665dc6c45f83) (Financial Times) [surged in 2016](https://www.cnbc.com/2016/09/28/deutsche-bank-crisis-explained.html) over concerns about the bank’s liquidity. [deleted](https://www.afr.com/markets/equity-markets/abc-reporter-deletes-tweet-claiming-investment-bank-on-the-brink-20221003-p5bmvy) the tweet Monday, but not before it went viral and was linked to Credit Suisse and Germany’s Deutsche Bank, while [several](https://twitter.com/GrahamStephan/status/1576601663477059585?s=20&t=oba1BnqOnoTtUKAWchUN9w) [other](https://twitter.com/Debit_Suisse/status/1576570369481543681?s=20&t=oba1BnqOnoTtUKAWchUN9w) [tweets](https://twitter.com/TheCryptoLark/status/1576660051728560128?s=20&t=oba1BnqOnoTtUKAWchUN9w) playing up comparisons between Lehman and the European banks racked up tens of thousands of likes on Twitter. Credit Suisse has $100 billion available to cover any losses, [according](https://www.nytimes.com/2022/10/03/business/dealbook/credit-suisse-share-fall-turnaround.html) to talking points sent to executives viewed by the New York Times, and the memo said, “Speculating that we have a liquidity issue simply would be completely false.” [how much](https://www.credit-suisse.com/about-us/en/investor-relations/corporate-and-share-information/corporate-information/key-metrics-tables.html) assets Credit Suisse managed as of the end of the second quarter of 2022, compared to Lehman Brothers’ over $600 billion in assets when it filed for bankruptcy September 15, 2008, plunging the stock market. [reported](https://www.ft.com/content/c62bea1f-2929-4473-838d-665dc6c45f83) Monday the bank’s top executives called clients over the weekend to calm doubts about the bank’s financial position. Credit Suisse shares fell to an all-time low of $3.70 Monday in New York and fell 5% in Zurich as investor confidence in the Swiss banking giant continues to fall as its capital position is being questioned after months of falling profits.

Credit Suisse saw sharp falls in its shares and bonds on Monday as markets put the bank under intense scrutiny.

"Asset sales will help but 4 billion Swiss francs is likely to come in the form of a highly dilutive capital raise. Through a series of mergers and acquisitions, it has grown to become the second-biggest lender in Switzerland and one of the biggest banks in Europe. Since its foundation in 1856, Credit Suisse has played a central role in the history and development of Switzerland. Credit Suisse has said it wants to strengthen its wealth management franchise, scale back its investment bank into a "capital-light, advisory-led" business, and evaluate strategic options for the Securitized Products business. A spying scandal forced then-CEO Tidjane Thiam to quit in 2020, and Switzerland's financial regulator said Credit Suisse had misled it about the scale of its surveillance. The Swiss bank has insisted its capital and liquidity are strong, saying it will have more to say about a strategic revamp when it releases third-quarter results on Oct.

Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for ...

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.

Senior executives at the bank reached out to clients and investors after its five-year credit default swaps surged to 247bps, the highest in 10 years.

The Swiss bank has enough capital, but volatile markets have deepened worries and raised the costs of its restructuring.

Concerns about the financial health of Swiss banking giant Credit Suisse over the weekend have led to fresh market fears of another meltdown similar to ...

Economist Mohamed El-Erian is worried about the market reaction to Credit Suisse's financial health.

WASHINGTON, D.C.—Dennis Kelleher, President and CEO of Better Markets, issued the following statement upon the significant deterioration of the financial ...

The Swiss financial company is facing a loss of confidence from investors. U.S. institutions are on more stable ground, though earnings season could get ...

Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data ...

Shares in Credit Suisse rose more than 3% in early trade on Tuesday, rebounding from a sharp selloff on Monday amid market uncertainty over the Swiss bank's ...

[(CSGN.S)](https://www.reuters.com/companies/CSGN.S) rose more than 3% in early trade on Tuesday, rebounding from a sharp selloff on Monday amid market uncertainty over the Swiss bank's restructuring programme to stem a series of losses. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [read more](/business/finance/credit-suisse-fall-around-10-early-trading-2022-10-03/)

Credit Suisse shares continued to recover on Tuesday from the previous session's low of 3.60 Swiss francs ($3.64), but were still down more than 53% on the ...

That AT1 5.1% issue - a type of contingent convertible (CoCo) bond deemed to be the riskiest debt banks can issue - had sunk to a record low of just over 50 ...

Credit Suisse Group AG is struggling to halt departures from its private bank in Hong Kong, with more recent resignations amid the turmoil at the Swiss ...

The Swiss financial company is facing a loss of confidence from investors. U.S. institutions are on more stable ground, though earnings season could get ...

The cost of insuring the bonds of Swiss bank Credit Suisse fell sharply on Tuesday from the previous day's close, in line with a recovery in the company's ...