RESEARCH TRIANGLE PARK – Concerns about the financial future of Credit Suisse are overblown, says an analysis from Bloomberg News. The Swiss financial conglomerate has a big presence in RTP and continues to hire. Concerns about Credit Suisse rose over the weekend, however, based on a variety of media reports and statements from its own management about possible responses to financial situations. Paul J. Davies, writing for Bloomberg, wrote Tuesday that it’s “in a tight spot, but it isn’t ‘on the brink,’ as the fevered typists of social media imagined over the weekend. Markets feed on desperation, and you’ll find fewest friends when you’re most in need.”Read more at:https://www.washingtonpost.com/business/no-credit-suisse-isnt-on-the-brink/2022/10/03/94fadd9e-4326-11ed-be17-89cbe6b8c0a5_story.html

Source: Washington Post October 05, 2022 19:36 UTC