Every Saturday morning, then President of Credit Suisse – Tijan Thiam – I knew I wouldn’t be able to spend a quiet day with the family. Another banker bought the house next door, on the Gold Coast in Zurich, and decided to demolish it, in a deep renovation that took almost two years. However, this other banker wasn’t just a banker: he was Very ambitious Iqbal Khan, a senior executive of the same bank. The tension between the two led them to end up at a dinner party, which laid the foundation for the espionage case which is one of the Many scandals have accumulated and today threaten the survival of the famous Swiss bank.
Credit Suisse has made international financial headlines in recent weeks, with Stocks to lose more than half their value since the beginning of the year. Recently, the pressure has intensified with the emergence of concerns about the solvency of the bank, which made it likely that Capital increase is a significant punishment for existing shareholders – who may have to hand over more funds to Credit Suisse so that their positions are not diluted.
Concerns about the bank’s capital position increased the demand for the so-called credit default swapInstruments that act as insurance in the event that a particular company or country fails to make its debt payments. The cost of these contracts More than five times since the beginning of the yearwhile some Twitter accounts are obscure – linked to WallStreetBets movement and GameStop fever – He speculated that the bank was “insolvent”, “maybe bankrupt”.
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