'The weakest links are cracking': Investors consider possible Credit Suisse contagion
Publishing timestamp: 2023-03-16 10:29:15
Summary
Credit Suisse's shares rebounded after the bank announced it would borrow up to 50 billion Swiss francs ($53.68 billion) from the Swiss National Bank to shore up its finances. The bank's abrupt loss of confidence has prompted some to question the "true" worth of its share price. However, analysts suggest that fears of a fresh banking crisis may be overstated and that the situation remains uncertain. Some experts recommend sticking to high-quality companies with strong management, strong balance sheets, and a strong value proposition.
Sentiment: MIXED
Tickers: CSG.N-CH,
Keywords: banks, business news, markets, credit suisse group ag, financials, business, economic events, switzerland,