Credit Suisse brink of collapse
6 Mar, 2023
Category: Banks
Tags: Credit Suisse
redit Suisse is offering deposit rates as high as 6.5% for new money to win back clients, which may indicate a higher level of non-performing loans or credit risk.
Credit Suisse is escalating efforts to win back clients with deposit rates that are significantly higher than rivals. The bank has raised three-month rates to as much as about 6.5% for new money.
The bank may be facing a higher level of non-performing loans or credit risk and is forced to offer such high rates to attract new deposits. Let's see what will happen in the near future.
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