Are Banks In Trouble?

3rd October 2022

Richard Murphy's blog today.

There has been much discussion in the financial media over the weekend about the supposedly perilous state of Credit Suisse and the not much better state of Deutsche Bank. Both have share prices that suggest the bank as a whole is worth about a quarter of the supposed net asset worth of their balance sheet.
Read it HERE

Financial Times
Credit Suisse CDS hit record high as shares tumble
Swiss bank fails to calm concerns as cost of buying its credit default swaps soars.

Bitcoin.com
Trading Like a Lehman Moment — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks' Credit Default Insurance Nears 2008 Levels

Notayesmanseconomics
A closer look at Credit Suisse issues