Credit Suisse's last chance
Behind the Money
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Credit Swiss' Shares Are Down 10%, Even Though These Rumors Were Not True
A message sent from Credit Swiss' Chief Executive, Ulikunna, staff on the Friday afternoon. A lot of people on social media said this was very reminiscent of messages sent from Lehman Brothers just a few days before that bank collapsed. The higher the spreads on those derivatives, the more indication that there is a lack of faith from the market in their financial health.
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