While investors have spent much of the recent few quarters looking toward commodities as a source of risk, a new saga has been opening. One that all investors should at least be aware of. The second chapter of this saga was concluded this week.
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In an addendum to February’s 2015 results Credit Suisse(NYSE: CS) explained to investors that, among other things, it would be accelerating the pace of its restructuring and further downsizing its Global Markets business. This was after a series of bad bets on junk bonds and complex derivatives pushed the bank into the red.
Soured trading positions cost Credit Suisse $633m in the fourth quarter after spreads widened and client activity fell off the edge of a cliff. They also cost it a furthe…
Read the full article at: http://money.aol.co.uk/2016/03/24/trading-losses-at-credit-suisse-ag-a-warning-shot-for-all-investors/
