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Credit Suisse In Talks With Swiss Government: Report
The Swiss government is in talks with Credit Suisse about options to shore up confidence in the bank after the shares plunged the most on record Wednesday.
Comments from Saudi National Bank Chairman Ammar Al Khudairy prompted a dramatic selloff on huge volume, pushing the stock to an all-time low. One-year CDS spreads ballooned wider in an almost unfathomable move, inverting the bank's CDS curve and creating very challenging optics for management.
By the end of the session, it looked as though
