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Credit Suisse: What's going on, and why its stock is falling

Por: MarketWatch Politics October 03, 2022

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The market that has really caught the attention of traders is that of credit-default swaps. Those are effectively bets on whether a debt issuer will survive. The 5-year credit default swap widened on Friday to 250 — not an unusual level for a company, but high for a major bank, and Credit Suisse’s worst level since 2009. (UBS’s 5-year credit-default swap was 126, and Goldman Sachs was 143, according to data from IHS Markit. The government... + full article



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