Credit Suisse: Europe bank stocks gain after plunge

failed to ease investor nervousness about the stability of the financial sector.

While stock market losses have subsided, there were still big questions about the future of Credit Suisse and how the financial industry will fare as higher interest rates keep eroding the value of lenders’ fixed-income holdings.

In the bond market, credit-default swaps showed easing tension. Credit Suisse’s senior unsecured euro-denominated bonds due March 2029 recovered almost half of Wednesday’s losses, according to data compiled by Bloomberg. Commerzbank, Banco Santander, UniCredit and Barclays led gains among European banks.In an interview with CNBC, Credit Suisse’s biggest shareholder said the lender isn’t likely to seek more capital and the bank is generally “sound.

And ofcourse, no consequences for those responsible for making poor high risk decisions. Privatise the profits, socialise the losses.

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Live: ASX to slide as Credit Suisse share plunge rattles marketsThe ASX 200 is expected to fall sharply when trade opens, after a plunge for giant Swiss bank Credit Suisse triggered a rout on European stock markets and losses on Wall Street overnight. Follow live on our blog. Let the games begin! When do I start writing cheques for billionaires? Pull out. No shares. No investment properties, buy GOLD! Get out of the pyramid scheme. 🛑 robbing future generations and growing inflation!! Buy gold. It’s real. Not numbers on a screen. Lol 😂
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