The weakest link in global finance and Credit Suisse

By Sandhya

October 5.2022

The company will not be the last to come under pressure as economies falter 

As interest rates rise and asset prices fall, investors are trying to identify the weakest links in the global economy.

Every bear market produces national and corporate victims.

Thailand's economy collapsed in 1997-98, and so did ltcm, a hedge fund.

Iceland and Lehman Brothers were victims of the 2008-09 recession.

Today one country has already been chosen: Britain, whose currency has collapsed and whose central bank has had to intervene in the bond market to bail out its pension system,

Its supervisors foolishly bet heavily on low volatility.

Credit Suisse, the venerable Swiss firm that spans wealth and asset management, private banking and investment banking. 

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