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The Swiss investment bank Credit Suisse expected to fall.
3 years ago
230
Financial market expects collapse of Credit Suisse: default swaps are approaching 2009 levels
The cost of insuring the firm's bonds against default rose about 15% last week to a level not seen since 2009 when the stock hit a new record low.
Credit Suisse is one step away from bankruptcy. The CEO acknowledged that Credit Suisse is going through its most "critical moment" ever in the next few days.
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