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Credit Suisse investors hit the panic button

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Investors are worried about the financial health of Credit Suisse after the bank’s shares plunged.

The bank’s Chief executive attempted to reassure investors last week, but his efforts seem to have fallen short.

Credit Suisse is due to unveil a restructuring plan at the end of the month, and many are concerned that it won’t be able to weather the storm.

Its shares fell by about 10%, before recovering slightly, after the bank’s boss failed to reassure investors.

Last week’s the bank’s CEO tried to reassure investors that the bank’s financial foundations are solid.

A report in the Financial Times claims that executives at the Swiss bank spent much of the weekend seeking to calm key stakeholders about its financial strength.

Shares in Credit Suisse have been sliding over the past year amid fear’s over the bank’s financial position.

In July, the bank announced a strategy review and replaced its chief executive with an asset management expert.

According to Reuters, the Bank of England is monitoring the situation together with Swiss regulators.

The bank has been hit by scandal after scandal.

And now the market moves suggest some investors believe the bank is running out of cash.

They can only hope the restructuring effort can right the ship.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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