The Swiss National Bank came through as expected with a lifeline to support Credit Suisse Group AG (CS) late yesterday in the form of a 50 billion Swiss franc (US $54 billion) lending facility. If I were them, I would now fire management and the board and find some competent people to run the place. I know the last bunch was already fired but this new…
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.