No Peace At Credit Suisse

If you’re reading this, you’re old enough to remember the last time Credit Suisse contributed to a meltdown in the market. And trust us, it was not as long ago as you might think. 🤔

Last September, the Swiss Bank’s shares fell more than 20% on news that it was raising fresh capital for the fourth time in seven years. Then about a week later, a deleted tweet from an ABC Australia reporter started rabid speculation that the bank was on the verge of collapse. And for an entire weekend, everyone became an expert on credit default swaps (CDS), systemic risk in the banking sector, and Credit Suisse.

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