The Bulletin

Fears global investment bank may be on the brink of collapse






Credit Suisse is scrambling to reassure investors and clients about its liquidity and capital position as rumours swirl that the major global investment bank is on the verge of collapse.

News.com.au reports the troubled Swiss lender — which has seen its share price plunge by 60 per cent over the past year to a near record low, following a string of scandals and losses — saw a sharp rise in the spreads on its credit default swaps on Friday, sparking fevered speculation online.

Credit default swaps offer protection against a company defaulting on its bonds.

The website said the rapid rise last week of around 15 per cent, to levels last seen in 2009 during the financial crisis, suggested investors were worried about Credit Suisse’s financial health.

Read the full report here. 

P
hoto: Tech Daily/Unsplash

The Bulletin Magazine

CBD Movers has announced that it will increase the number of locations in Melbourne throughout 2022

CBD Movers, a top-rated removalist firm based in Melbourne, is pleased to announce its arrival into suburban areas At CBDMoversMelbourne.com.au, we...

The Bulletin - avatar The Bulletin

6 Simple Steps to Making a Worker’s Compensation Claim

Worker’s compensation is a severe issue. If you have a worker’s compensation claim, you can protect your legal rights by the law. You get injur...

NewsServices.com - avatar NewsServices.com

The top spot: tips for choosing the best wedding photography location

The photo shoot is one of the most illuminating aspects of a couple’s special day. It’s the moment when they get to immortalise this most mome...

NewsServices.com - avatar NewsServices.com