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.
In an addendum to Februarys 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 fu…
Read the full article at: http://www.fool.co.uk/investing/2016/03/24/trading-losses-at-credit-suisse-ag-a-warning-shot-for-all-investors/