Problems at Credit Suisse: The big bank’s four biggest mistakes – Economy

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Isabel Pfaff and Meike Schreiber, Bern/Frankfurt

It briefly looked as if the major Swiss bank Credit Suisse was experiencing its Lehman moment. Rumors of a possible collapse of the bank, which was recently so crisis-prone, boiled up on Twitter, and shortly afterwards the share price plummeted. The CS share cost less than a Zurich espresso, just 3.50 francs, on Monday last week. But then the price recovered a bit, and on Friday they took a confidence-building measure in Zurich: The Credit Suisse resigned to want to buy back their own bonds. The signal: We are financially so stable that we can even pay off debts.

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