There is speculation that Credit Suisse is about to collapse, much like Lehman Brothers did in 2008.

There is speculation that Credit Suisse is about to collapse, much like Lehman Brothers did in 2008.

Over the past few days, the share price of Credit Suisse, one of the oldest and historically one of the most influential banks in the world, has hit an all-time low. Since the beginning of 2022, Credit Suisse’s share price has fallen close to 60 per cent. At the same time, the spreads on credit default swaps (CDS) on Credit Suisse debt have spiked to a 14-year high — the highest since the global financial crisis of 2008.

These two trends have led many, especially those on social media, to speculate if Credit Suisse is about to collapse, much like Lehman Brothers, an iconic American investment bank, did in 2008.

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