Credit Suisse bankruptcy?
Credit Suisse: We assume that more than one will have seen it this weekend: rumors circulating on Twitter about a possible bankruptcy of Credit Suisse (2nd bank in Switzerland). The thing is, your quote seems to point to it:
Your CDS too:
But beware, it might not be the only one: if we examine the Price to Book Ratio (that is, the ratio that compares the market value of a company with its book value) we can see that Credit Suisse is at 24% (basically its price with respect to its book value would be rock bottom) but there are many other banks with a similar ratio that could be warning of possible problems. Take a look at the following table: Deutsche Bank and Societe Generale could also be in trouble.
We knew that, sooner or later, the crisis, inflation and war would end up taking their toll on the financial sector. The question is whether we will now see a Lehman Brothers or more than one. Crypto Swiss Hub.