{"id":4592,"date":"2022-10-07T00:00:00","date_gmt":"2022-10-07T00:00:00","guid":{"rendered":"https:\/\/www.nextias.com\/current_affairs\/uncategorized\/07-10-2022\/credit-suisse-crisis\/"},"modified":"2022-10-07T00:00:00","modified_gmt":"2022-10-07T00:00:00","slug":"credit-suisse-crisis","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/07-10-2022\/credit-suisse-crisis","title":{"rendered":"Credit Suisse Crisis"},"content":{"rendered":"<p><span style=\"font-size:13pt\"><strong>In News<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\">Recently, the share price of Credit Suisse has hit an all-time low.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size:13pt\"><strong>About Credit Suisse crisis<\/strong><\/span><\/p>\n<ul>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\"><strong>It was founded in 1856<\/strong><\/span><span style=\"font-size:12pt\"> to fund the development of Switzerland&#8217;s rail system.<\/span><\/li>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\">It is one of the <\/span><span style=\"font-size:12pt\"><strong>oldest and historically one of the most influential banks<\/strong><\/span><span style=\"font-size:12pt\"> in the world. It is <\/span><span style=\"font-size:12pt\"><strong>based in Switzerland.<\/strong><\/span><\/li>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\">Credit Suisse is also the primary<\/span><span style=\"font-size:12pt\"> dealer and Forex counterparty of the FED.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-size:13pt\"><strong>Recent issues<\/strong><\/span><\/p>\n<p style=\"text-align:center\"><span style=\"font-size:12pt\"><img decoding=\"async\" alt=\"C:UsersWELCOMEDesktopcredit-suisse-1.jpg\" src=\"https:\/\/lh5.googleusercontent.com\/ww7z5OSpLNr6k1OkR616cYsLcxKGIzyYvio68ACf-yoYf1f7Y7m7ercHNfp3XdXhYF2ElehSgn_jHMgMIsMWUEX7nciPs7antkvnbeJSlc3gjyMpnAKmvZ77hLCupZzT1JDAxjZ0ZIM8noMS9lbMnfd2F8dNuy6yELzqWz9sXftCaTECLr9MUkR4bA\" style=\"height:324.0; width:273.0\" \/><\/span><\/p>\n<ul>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\"><strong>Credit Suisse\u2019s share price<\/strong><\/span><span style=\"font-size:12pt\"> has fallen close to 60 per cent.<\/span><\/li>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\">The spreads on <\/span><span style=\"font-size:12pt\"><strong>credit default swaps (CDS)<\/strong><\/span><span style=\"font-size:12pt\"> on Credit Suisse debt have spiked to a 14-year high the highest since the global financial crisis of 2008.<\/span>\n<ul>\n<li style=\"list-style-type:disc\"><span style=\"font-size:12pt\"><strong>A credit default swap (CDS) is a financial derivative<\/strong><\/span><span style=\"font-size:12pt\"> that allows an investor to swap or offset their credit risk with that of another investor.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-size:12pt\">Source: <\/span><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-economics\/what-led-to-the-credit-suisse-crisis-and-the-road-ahead-8190225\/\" style=\"text-decoration-line:none\" target=\"_blank\" rel=\"noopener\"><span style=\"font-size:12pt\"><span style=\"color:#1155cc\">IE<\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[26],"class_list":["post-4592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs","tag-gs-3"],"acf":[],"jetpack_featured_media_url":"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2023\/07\/7834095IMG_20220928_210731_421.jpg","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/4592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=4592"}],"version-history":[{"count":0,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/4592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media\/4593"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=4592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=4592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=4592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}