Credit Suisse Stock Plunges: Systemic Risk?

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Adi Ahdiat 04/10/2022 10:20 WIB

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According to MarketWatch, Credit Suisse is one of 30 banks deemed systemically important to global finance. Therefore, could its stock's decline impact numerous countries?

Credit Suisse Share Price (October 4, 2021 - October 3, 2022)

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Credit Suisse Share Price (October 4, 2021 - October 3, 2022)

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Credit Suisse's share price, the Swiss bank, has been plummeting over the past year, as shown in the graph. Between October 4, 2021, and October 3, 2022, its share price has fallen by 56.9%.

This has drawn attention from international media because Credit Suisse is one of the largest banks in Europe. According to Market Watch, Credit Suisse is also one of 30 banks with systemic influence on global finance.

Some are concerned that the fall in Credit Suisse's share price could have repercussions for many countries, similar to the bankruptcy of the US bank Lehman Brothers, which triggered the 2008 global financial crisis.

However, other analysts see the situation as less alarming.

"JP Morgan analysts say that based on Credit Suisse's financial condition in the second quarter of 2022, its capital and liquidity remain healthy," reported Reuters on Monday, October 3, 2022.

Keith Horowitz, an analyst from Citigroup Inc., echoed this sentiment. He believes that anxieties about the systemic risk posed by the Swiss banking giant Credit Suisse are overblown.

"We don't see any reason to worry," said Horowitz, as reported by Market Watch on Monday, October 3, 2022.

"Compared to the time of Lehman Brothers' collapse, which fueled the global financial crisis, US banks now hold significantly more capital," he continued.

"The current situation and 2007 (the period before Lehman Brothers' collapse) are fundamentally different, and we haven't seen anything systemic," Horowitz added.

Nevertheless, Market Watch notes that current global financial markets are fragile due to rapid interest rate hikes, inconsistent policies, fears of recession, and the Russia-Ukraine war, leaving many investors confused.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Credit Suisse Stock Plunges: Systemic Risk?

Credit Suisse Stock Plunges: Systemic Risk?

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Credit Suisse Stock Plunges: Systemic Risk?

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