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