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Credit Suisse Offers $3B Debt Buyback

Published OCT 7 2022

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Image credit: Bloomberg/Getty Images [via CNBC]

The Spin

Narrative A

Credit Suisse has made the right decision to calm anxious investors after a week of concerns about the bank's financial health, indicating that it isn't facing a liquidity crunch and allowing it to save money. This move has successfully boosted its shares and reduced the cost of insuring its debt.

Business Insider

Narrative B

Though Credit Suisse shares have jumped following this announcement, the debt buyback represents only temporary relief to the bank's ongoing crisis. Only a deep restructuring plan can restore confidence and attract the billionaire amount of money needed to break the cycle of bad news involving Credit Suisse.

SWI swissinfo.ch