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
The bank has been under supply pressure for some time. Source: Bloomberg
Stock of the Week - Lam Research Corp (16.10.2025)
Salesforce surges 8% amid positive long-term revenue forecast📈
Thermo Fisher Scientific announces strategic collaboration with OpenAI📱
DE40: Europe moves sideways, Nestle gains