Credit Suisse Backstopped, The Macro Impact of Small Bank Stress, and More Market Technicals...
timothychang.substack.com
Contagion from US bank stress has officially spilled over to Europe, specifically Credit Suisse. Wednesday saw Credit Suisse’s stock sink to record lows and its bonds collapse. This was all sparked by the Saudi National Bank, Credit Suisse’s biggest shareholder, who announced that it would “absolutely not” inject more cash into the bank.
Credit Suisse Backstopped, The Macro Impact of Small Bank Stress, and More Market Technicals...
Credit Suisse Backstopped, The Macro Impact…
Credit Suisse Backstopped, The Macro Impact of Small Bank Stress, and More Market Technicals...
Contagion from US bank stress has officially spilled over to Europe, specifically Credit Suisse. Wednesday saw Credit Suisse’s stock sink to record lows and its bonds collapse. This was all sparked by the Saudi National Bank, Credit Suisse’s biggest shareholder, who announced that it would “absolutely not” inject more cash into the bank.