Credit Suisse
Credit Suisse

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:

Credit Suisse
Credit Suisse

Your CDS too:

Credit Suisse CDS
Credit Suisse CDS

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.

Europe-Banks
Europe-Banks

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.

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