Credit Suisse to remain ‘under pressure’ but analysts wary of Lehman comparison

A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit a record high, as the market’s skittishness about the Swiss bank’s future became abundantly clear. Shares continued to recover … Read more

Credit Suisse is under pressure, but short sellers appear to be eyeing another global bank

Investor anxiety over Credit Suisse has sent its shares tumbling over recent days , but short sellers appear to be eyeing another European bank, data shows. Paris-headquartered BNP Paribas was the most shorted European banking stock as of Monday, with a total of $1.68 billion in bets against the bank’s shares, according to data from … Read more

Credit Suisse is not about to cause a Lehman moment, economist Sri-Kumar says

Worries are mounting over Credit Suisse’s financial health — but that doesn’t mean markets are headed toward a “Lehman moment,” said the president of Sri-Kumar Global Strategies. “I think the Federal Reserve is going to have to face the consequences of a credit event” if it were to occur, Komal Sri-Kumar told CNBC’s “Squawk Box … Read more

Credit Suisse shares tank 10% on restructuring, capital concerns

A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Shares of Credit Suisse plunged nearly 10% in Europe’s morning session, after the Financial Times reported the Swiss bank’s executives are in talks with its major investors to reassure them amid rising concerns about the … Read more

Credit Suisse seeking to assure investors amid financial concerns: FT

A Swiss flag flies over a sign of Credit Suisse in Bern, Switzerland FABRICE COFFRINI | AFP | Getty Images Credit Suisse executives are in talks with the bank’s major investors to reassure them amid rising concerns about the Swiss lender’s financial health, the Financial Times reported, citing people involved in the discussions. One executive … Read more

‘The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world

Jerome Powell, chairman of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, Sept. 23, 2022. Al Drago | Bloomberg | Getty Images As the Federal Reserve ramps up efforts to tame inflation, sending the dollar surging and bonds and stocks into a tailspin, concern is rising that the … Read more

Stocks close out tough quarter on economic fears

LONDON European markets advanced on Friday, gaining some respite from a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 1% in early trade, with oil and gas stocks climbing 2.2% to lead gains as all sectors and major bourses entered positive territory. Global stocks struggled in recent sessions … Read more

Pension fund panic led to Bank of England’s emergency intervention

The Bank of England on Wednesday launched a historic intervention in the UK bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to stabilize the UK economy, announcing … Read more

European stocks slide 2.8% after weak euro zone data, new UK economic plan

European stocks were sharply lower on Friday, as investors digested a raft of central bank decisions and a new economic plan from the UK The Stoxx 600 was down 2.8% in early afternoon trading, with all sectors and major bourses trading in the red. Oil and gas stocks and basic resources were the biggest fallers, … Read more

Swiss central bank hikes interest rate as inflation pressures hit hard

Swiss National Bank (SNB), the central bank of Switzerland. FABRICE COFFRINI | AFP | Getty Images The Swiss National Bank on Thursday raised its benchmark interest rate to 0.5%, a shift that brings an end to an era of negative rates in Europe. The 75 basis point hike follows an increase to -0.25% on June … Read more