In News
- Recently, the share price of Credit Suisse has hit an all-time low.
About Credit Suisse crisis
- It was founded in 1856 to fund the development of Switzerland’s rail system.
- It is one of the oldest and historically one of the most influential banks in the world. It is based in Switzerland.
- Credit Suisse is also the primary dealer and Forex counterparty of the FED.
Recent issues
- Credit Suisse’s share price has fallen close to 60 per cent.
- The spreads on credit default swaps (CDS) on Credit Suisse debt have spiked to a 14-year high the highest since the global financial crisis of 2008.
- A credit default swap (CDS) is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor.Â
Source: IE
