![]() Some of the largest investors in Credit Suisse have told Reuters that they are concerned about the banks’ ability to successfully implement its restructuring plan and some have even begun to move their funds. Prices of Credit Suisse's credit default swaps, which is a measure of how the market sees potential default risk, surged this week, suggesting there is a rush to safety as the market views higher risk ahead. Rising default rates makes this even more difficult. For this it would be expected to need fresh capital, something which is expensive to raise in the current market. The bank announced a major restructuring, details of which are to be revealed in the upcoming earnings report. ![]() While Lehmann undoubtedly knew he was taking on a tough job, he probably did not suspect the level of market turmoil that was ahead of him. US30 US Wall Street 30 (USA 30, Dow Jones) ![]()
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