BBCNEWS World Business Report June 4, 2024 04:39:00
With more detail. there has been no shortage of the past few days of rumour, speculation, press reports about the financial health of credit suisse, the swiss banking giant. but what's actually going on? well, a lot of this stems from something that happened on friday when the cost of buying product that insure against a default by acro one went up to levels not seen since the days of the 2008 financial crisis. that prompted the chief executive of credit suisse, ulrich koerner, to write of his own stuff to reassure them that the bank's financial position was solid. but if people believe that? ...