Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why Credit Suisse Is in Trouble, but Not on the Brink of Failure

TheMotleyFool

0 0

Here's Why Credit Suisse Is in Trouble, but Not on the Brink of Failure: https://g.foolcdn.com/editorial/images/704573/person-stocks-10.jpg

Credit Suisse (NYSE: CS) has been in trouble all year long, with its stock now trading below $4.60 per share, near all-time lows. The Swiss bank also now trades around just 25% of its tangible book value, or net worth.

In recent years, Credit Suisse has suffered a number of scandals, including having lots of exposure to funds like Archegos Capital and Greensill Capital, both of which collapsed and have led to billions of dollars in losses for the bank.

Credit Suisse now faces the tough task of transforming its operations and trying to get back into the good graces of its shareholders. While the bank is not on the brink of failure, it's definitely in trouble.

Source Fool.com

Like: 0

Share