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Credit Suisse Crisis

‘Unknown Unknowns’: No Weekend for Traders as Bank Woes Deepen

  • Futures trading kicks off on Sunday for stocks and bonds
  • Goldman and Morgan Stanley among bond desks open over weekend
Bloomberg business news
Historic Week of Bank TurmoilSource: Bloomberg

6 a.m. wake-up calls. Cancelled tennis dates. Anxious check-ins on bond prices while walking the dog.

These are just some of the scenes of traders and money managers over the weekend as the finance world braced for the next, and perhaps, final act of Credit Suisse Group AG’s stunning and spectacular fall from grace.