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Credit Suisse’s Options Worsen as Markets Mayhem Takes Toll

  • Investors want to know how bank will pay for restructuring
  • Deutsche Bank and Morgan Stanley offer historical comparisons
Bloomberg business news

WATCH: Credit Suisse CEO Says Bank Will Rise 'Like a Phoenix'

Source: Bloomberg

Updated on

Dixit Joshi won’t forget his first day as Credit Suisse Group AG’s chief financial officer in a hurry. And yet the experience won’t have been entirely unfamiliar for the former Deutsche Bank AG high flier.

Shares in the Swiss banking giant plummeted 12% to an all-time low on Monday after a weekend of fevered Twitter speculation about its financial health, before they regained almost all of the losses later in the day.