Credit Suisse sinks into bankruptcy rumors, shares hit record low

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Recently, a report by Australian Broadcasting Corporation reporter David Taylor about a large investment bank on the verge of bankruptcy has attracted attention, and many sources pointed to Credit Suisse, a well-known European investment bank. Credit Suisse said it declined to comment. As the quarterly report is about to be released, the institution is currently in a period of silence… Previously, Credit Suisse’s stock price plummeted, falling more than 20% in September. As of September 30, it was reported at $3.92 per share, hitting a historical low. The company’s five-year credit default swap spread (CDS) continued to soar.
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