Credit Suisse has seen a steady stream of withdrawals from wealthy clients, which Luis Arenzana, founder of Shelter Island Capital Management, told Reuters was not "necessarily a panicky reaction to recent events in the U.S. alone".
That followed assurances from Swiss authorities on Wednesday that Credit Suisse met "the capital and liquidity requirements imposed on systemically important banks" and that it could access central bank liquidity if needed. "We see SNB liquidity support as indicated last night as not enough and believe CSG’s situation is about ongoing market confidence issues with its IB strategy and ongoing franchise erosion," JPMorgan said.
Bailouts by public funds will not address systemic problems.
The next crisis the fall of the stock market; A stock exchange is a market for buying and selling stocks, bonds, and securities. the bags is a method of measuring the health of the national economy, as well as a key indicator of the strength of the world economy.
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