Credit Suisse’s Wild Day in Three Charts
- Dollar bonds for the lender sank in Wednesday trading
- Shares in the US and Zurich plunged to hit all-time lows
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Credit Suisse Group AG investors were taken on a wild ride Wednesday after the bank’s biggest shareholder indicated it wouldn’t increase its stake. That sent shares, bonds and credit-default swaps into contortions despite efforts this week by Credit Suisse’s chairman and chief executive officer to reassure investors.
Here are three charts showing the magnitude of the moves: