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

Peloton, Tesla, Viasat, Wells Fargo, Box and more

A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T Fallon | AFP | Getty Images Check out the companies making the biggest moves midday Monday: Credit Suisse — Shares of Credit Suisse rose 1.7%, reversing an earlier slump that sent the stock to a record low, after … Read more

Credit Suisse, Tesla, Myovant Sciences and more

Take a look at some of the biggest movers in the premarket: Credit Suisse (CS) – Credit Suisse slid 6.1% in premarket trading after the bank sought to calm the fears of investors and clients about its financial health over the weekend in a series of phone calls. Tesla (TSLA) – Tesla dropped 5.7% in … 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

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