Levfin and a bad block weigh on Credit Suisse
Credit Suisse’s fourth quarter results showed damage from the high yield and leveraged finance market’s tantrum in the last quarter of 2018. The bank was also hit by a Canada Goose block trade gone wrong.
Credit Suisse had been flagged as rather more sensitive to high yield and leveraged lending than other banks as question marks emerged about that market towards the end of last year.Analysts at UBS pointed out in November that Credit Suisse was second in global leveraged ...
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