Recession Trigger? Credit Suisse 'free fall' a reminder of the Lehman moment2 min read 03 Oct 2022, 02:32 PM IST
Explained whether continuous fall of No. 2 Swiss bank and one of the largest global investment banks, Credit Suisse can trigger a global financial turmoil similar to the Lehman moment
Credit Suisse Group AG's free fall continues with the shares hitting a fresh record low after its CEO's attempts to reassure markets on its financial stability only added to the sense of turmoil. This comes amid rumours that No. 2 Swiss bank and one of the largest global investment banks is on the verge of collapse.
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