Business
Credit Suisse has no time to lose
Credit Suisse risk falling into a doomsday loop as worries fill the strategic void while investors wait for a new turnaround plan. Management needs to act quickly to break the cycle.
The alleged lender’s share price fell about 8% in early trading on Monday. The obvious trigger for the most recent sell-off was none other than Bank staff call customers and investors this weekend to reassure them all is within reach despite the credit-default swap rate spiked on Friday.