Credit Suisse has no time to waste


Swiss credit risks being caught in a catastrophic loop as concerns turn into a strategic vacuum as investors wait for a new recovery plan. Management must act quickly to break the cycle.

The embattled lender’s share price fell around 8% in early trading on Monday. The apparent trigger for the latest selloff was nothing more than its bankers calling customers and investors over the weekend to reassure them that all is in hand despite a jump in its credit default swaps on Friday.


Wj

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