Credit Suisse Sofr surfs to record

David Rothnie

January 31, 2020 11:00 am

Credit_Suisse_PA_575x375_310120 — A sign for the New York headquarters of Credit Suisse on Madison Ave. on Saturday, December 27, 2014. Credit Suisse Group AG and Deutsche Bank AG have agreed to a settlement of $12.5 billion between the two banks resolving DoJ investigations into their alleged culpability in the financial crisis. (Photo by Richard B. Levine) *** Please Use Credit from Credit Field *** | Richard B. Levine/SIPA USA/PA Images

Credit Suisse secured the lowest spread for a Yankee bank referencing the secured overnight financing rates (Sofr) on Thursday, breaking the previous record set just over a week ago.

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Topics

Switzerland Senior Debt JP Morgan Credit Suisse Lloyds Bank UK Europe Citi EMEA FIG

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David Rothnie