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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

BREAKING: Credit Suisse drops more than 8.5% amid rising CDS

07:32 3 October 2022

The shares of Swiss bank Credit Suisse (CSGN.CH) are losing more than 8.5% at the start of today's session, despite assurances from the CEO that the bank continues to maintain a strong capital and liquidity base. Recall that last week CDS (credit default swaps), or derivatives that protect against the possible collapse of the underlying entity, reached their highest levels since 2009. A new strategic plan is scheduled to be announced on October 27.

Credit Suisse CDS Spread. Source: Bloomberg

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The bank has been under supply pressure for some time. Source: Bloomberg

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