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Credit Suisse finds material weakness

The Credit Default Swaps have surged to a multi year high for Credit Suisse especially after the SVB collapse. Credit Suisse did say that they do not have any material exposure to the the failed institution.


However they have reported to find some weakness within their own findings however not linked to the SVB collapse.


The number of bets on the bank failing is increasing in spite of interest from the middle east. Their largest shareholder said there will be no additional funding. Their share price is down 25% as of today and 75% down in the last 1 year.



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