The Swiss investment bank Credit Suisse expected to fall.

1 year ago
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Financial market expects collapse of Credit Suisse: default swaps are approaching 2009 levels

The cost of insuring the firm's bonds against default rose about 15% last week to a level not seen since 2009 when the stock hit a new record low.

Credit Suisse is one step away from bankruptcy. The CEO acknowledged that Credit Suisse is going through its most "critical moment" ever in the next few days.

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