Has anybody else been picking up chatter about imminent liquidity issues at Credit Suisse? CDS spreads are at ~300pips and rising.
they were never in a good position to start with, their recent announcement to try and calm investors just spooked everyone.
cs are not at lehman levels, their share price has tanked. if theres a knock on to ubs would be a lehman event. cs just the canary in the coalmine for retail bank liquidity issues.
^ yep, times have hanged since 2008, this is no potential lehmann event. Bank liquidity fears are not really an issue any more.