Credit Suisse share price

Shares of Credit Suisse plunged to an all-time low Monday as investors traded on concerns about the Swiss banking giant's financial health and management's ...

The bank [installed](https://www.forbes.com/sites/roberthart/2022/07/27/credit-suisse-replaces-ceo-after-17-billion-loss/?sh=40f4303d237b) Körner as its top executive in July after the bank missed on earnings, and Credit Suisse has been marred in recent by billions of dollars in losses from financial penalties and the [collapse](https://www.forbes.com/sites/isabeltogoh/2021/11/04/credit-suisse-burned-by-archegos-and-greensill-scandals-shifts-focus-to-wealth-management-in-overhaul/?sh=31b627db2488) of asset manager Archegos and financial services firm Greensill. [Credit Suisse is fending off concerns about its financial health, fanning fears of another Lehman Brothers moment that could roil the global financial system. [according](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/the-world-s-100-largest-banks-2022-69651785) to S&P Global Market Intelligence. Though concerns are not as stark about Deutsche Bank as with Credit Suisse, shares of the German bank are down 42% year-to date. Deutsche Bank’s credit risk Here's what's happening, and what it means.](https://www.businessinsider.com/credit-suisse-lehman-brothers-stock-price-cds-banks-financial-system-2022-10) (Insider) [Credit Suisse reassures investors over its financial strength](https://www.ft.com/content/c62bea1f-2929-4473-838d-665dc6c45f83) (Financial Times) [surged in 2016](https://www.cnbc.com/2016/09/28/deutsche-bank-crisis-explained.html) over concerns about the bank’s liquidity. [deleted](https://www.afr.com/markets/equity-markets/abc-reporter-deletes-tweet-claiming-investment-bank-on-the-brink-20221003-p5bmvy) the tweet Monday, but not before it went viral and was linked to Credit Suisse and Germany’s Deutsche Bank, while [several](https://twitter.com/GrahamStephan/status/1576601663477059585?s=20&t=oba1BnqOnoTtUKAWchUN9w) [other](https://twitter.com/Debit_Suisse/status/1576570369481543681?s=20&t=oba1BnqOnoTtUKAWchUN9w) [tweets](https://twitter.com/TheCryptoLark/status/1576660051728560128?s=20&t=oba1BnqOnoTtUKAWchUN9w) playing up comparisons between Lehman and the European banks racked up tens of thousands of likes on Twitter. Credit Suisse has $100 billion available to cover any losses, [according](https://www.nytimes.com/2022/10/03/business/dealbook/credit-suisse-share-fall-turnaround.html) to talking points sent to executives viewed by the New York Times, and the memo said, “Speculating that we have a liquidity issue simply would be completely false.” [how much](https://www.credit-suisse.com/about-us/en/investor-relations/corporate-and-share-information/corporate-information/key-metrics-tables.html) assets Credit Suisse managed as of the end of the second quarter of 2022, compared to Lehman Brothers’ over $600 billion in assets when it filed for bankruptcy September 15, 2008, plunging the stock market. [reported](https://www.ft.com/content/c62bea1f-2929-4473-838d-665dc6c45f83) Monday the bank’s top executives called clients over the weekend to calm doubts about the bank’s financial position. Credit Suisse shares fell to an all-time low of $3.70 Monday in New York and fell 5% in Zurich as investor confidence in the Swiss banking giant continues to fall as its capital position is being questioned after months of falling profits.