Credit Suisse: Is it the Lehman Bros of our time? - The Australian Financial Review
Speculation that Credit Suisse is to this crisis what Lehman Bros was to the financial crisis has got completely out of control, thanks to fearful markets and social media.
But in a widely reported memo on Friday night, Koerner assured staff that the bank had a strong capital base and liquidity position in no small part due to those post-GFC rules (known as the Basel II… [+3403 chars]
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