The cost of insuring exposure to Credit Suisse debt rose on Thursday after the Swiss lender reported its worst annual loss since the 2008 global financial crisis after rattled clients fled in droves.
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland October 4, 2022. REUTERS/Arnd Wiegmann/File Photo
LONDON, Feb 9 - The cost of insuring exposure to Credit Suisse debt rose on Thursday after the Swiss lender reported itsFive-year credit default swaps rose 4 basis points from Wednesday's close to 295 bps, data from S&P Global Market Intelligence.
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