the real restructuring that’s ahead of Credit Suisse – at a time when financial markets are volatile – will be difficult.
Credit Suisse has decided to maintain its Outperform rating of Constellation Brands (NYSE:STZ) and lower its price target from $277.00 to $276.00. Shares of Constellation Brands are trading down 3.24% over the last 24 hours, at $224.98 per share.
Credit Suisse will buy back up to 3 billion Swiss francs ($3 billion) of debt, an attempt by the Swiss bank to show its financial muscle and reassure investors concerned about the lender’s overhaul and how much it may cost.
Rating agency Moody’s Investors Service expects losses for Credit Suisse to swell to $3 billion by year-end, potentially bringing its core capital below the key 13% level, Moody’s lead analyst on the bank told Reuters.
Asia has been an important profit center for the embattled Swiss bank. So no wonder its Hong Kong bankers don’t want to be dragged into Credit Suisse’s global troubles.
Swiss banks are generally known for their solidity and predictability. Credit Suisse has offered customers and investors the opposite over the past 18 months. Chair Axel Lehmann can shore things up by halving the size of its accident-prone investment bank and slashing costs. To shrink, he’ll need mo…
Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit a record high.
These are the stocks posting the largest moves in premarket trading.
CEO Ulrich Koerner moved to calm fears by saying the banking giant has a “strong capital base and liquidity position”
European Midday Briefing: Credit Suisse Slide Adds to Broader Market Worries Morningstar
Treasury yields pull back sharply amid concerns over Credit Suisse Morningstar
Japan’s FX intervention has slowed yen weakness. But economists at Credit Suisse expect USD/JPY to test 150.00 if the Bank of Japan (BoJ) stands pat a
USD/ZAR rallied recently to a new year-to-date high. For now, economists at Credit Suisse expect repatriation flows to keep the pair fairly stable in
European Midday Briefing: Credit Suisse Slide -2- Morningstar
In the here and now, it does appear to me, at least the broader US equity markets are potentially set up for a technical rally this week.
Major U.S. index futures have started the week on a mixed note after a dismal September.
Market data shows Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations.
In a research note that was distributed to investors on Friday, research analysts at Credit Suisse Group lowered their target
Borsen Zeitung reports that investment analysts at Credit Suisse Group have given the shares of HSBC (LON: HSBA) a price
But weaker-than-expected economic conditions remains an investment risk