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Don't panic: Credit Suisse is not the next Lehman Brothers

From efinancialcareers.com

Junior bankers and traders who are either already at Credit Suisse or who hold offers to join Credit Suisse next year can come out of their safe spaces. Contrary to reports this weekend, the bank is unlikely to be going under. So say some of the most knowledgeable figures in the industry, many of whom actually did witness several banks going under in 2008. Where did the rumour of Credit Suisse's imminent demise come from? Twitter appears to hold the smoking gun. People like Spencer Jakab of the Wall Street Journal's Head on the Street column, and various pundits have been putting out Tweets like those below, ... (full story)

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  • Category: Fundamental Analysis