Shares of Credit Suisse bounced 4% higher in early action, after the Swiss systemically important institution fell as much as 12% on Monday on worries over its financial health. The Swiss bank, which touched a record low on Monday, is nonetheless down 54% this year. Five-year credit default swaps widened on Monday to 325, according to IHS Markit data, a rise of 48% over the last month.
(END) Dow Jones Newswires
October 04, 2022 03:36 ET (07:36 GMT)
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