During the National Day holiday, the overseas capital market is not calm.
There are media reports that , a large multinational investment bank, is "on the verge of bankruptcy" and may become the next Lehman Brothers , which will trigger the next global financial crisis . The market immediately speculated that the institution at the center of this storm was Credit Suisse (Credit Suisse), which is Credit Suisse. Affected by this news, Credit Suisse Bank's credit risk indicator has risen rapidly. By October 3 local time, the price of the Credit Suisse five-year CDS (credit default swap) index has risen to 2.93% , about 0.55% higher than the beginning of the year, and is at the highest level in history. Meanwhile, transaction data show that the likelihood of a debt default of Credit Suisse Bank in five years has reached 23%.
The market’s speculation about Credit Suisse Bank is not unreasonable. In the past two years, Archegos Capital and Greensill Capital, invested by Credit Suisse, have suffered liquidation and bankruptcy respectively. has caused Credit Suisse to suffer direct losses of up to billions of dollars in , not to mention the related brand reputation and potential business losses. It was also from March when Archegos Capital broke down that Credit Suisse's stock price has been falling all the way. has shrunk by nearly 70% so far, and its overall market value will exceed 9 billion Swiss francs html, a far cry from 30 billion cherry francs at the beginning of the year.
In order to calm market sentiment, Credit Suisse CEO Ulrich Korner said in an employee memorandum over the weekend that Credit Suisse’s current stock price performance should not be confused with capital strength, liquidity crisis, etc. The company currently has nearly 100 billion yuan in the Academy of Fine Arts’ capital buffer , and the company has enough ability to cope with credit crisis. However, subsequent market performance proved that this statement was still futile. On October 3rd local time alone, Credit Suisse's Swiss stock plummeted by 12%, and finally ended with a slight decline of 0.93%. even market-related people compared Lehman Brothers' statements before bankruptcy with Credit Suisse's recent statements to illustrate the crisis behind this official comfort.
However, with the development of the situation, a large number of market institutions began to "spoke" for Credit Suisse Bank. Analysts from institutions such as Citi , Bank of America , etc. all expressed their confidence in Credit Suisse's future development, and Bank of America Securities once again emphasized the "increase holdings" rating of Credit Suisse Holding Bonds , firmly standing with Credit Suisse. Later, David Taylor, a business journalist who caused the market volatility, had quietly deleted the relevant article , which was "on the verge of bankruptcy" and responded indirectly to the crisis.
