Market data shows Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations. TooBigtoFail Inflation Economics
'Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels
During the first week of October, the world economy continues to look bleak as energy and gas prices have reached record highs, inflation in many countries is the highest in 40 years, supply chains are fractured, equity markets have shed significant value, and the tensions between the West and Russia has elevated.
that needs to be filled in order to combat the financial institution’s financial well-being. Furthermore, Credit Suisse’s credit default insurance levels resemble the same CDS levels Lehman Brothers had just before the bank’s bankruptcy.that his company is facing a “critical moment” and he stressed that the Swiss-based financial institution has a “strong capital base and liquidity position.”
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