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Credit Suisse gets liquidity promise, but Wall Street not 'out of the woods yet'

Published: March 15, 2023 at 8:23 p.m. ET It sounds like a Swiss ‘do whatever it takes’ moment, says DWS Group’s head of Americas trading Investors are on edge after Credit Suisse shares fall to about $2 a piece in New York trading. AFP/Getty Images Investors remain on edge about the potential for more banking
Financial Press

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It sounds like a Swiss ‘do whatever it takes’ moment, says DWS Group’s head of Americas trading

Investors are on edge after Credit Suisse shares fall to about $2 a piece in New York trading.

AFP/Getty Images

Investors remain on edge about the potential for more banking turmoil to unfold after shares of Credit Suisse fell to about $2 a share on Wednesday and the Swiss National Bank said it would provide liquidity, if needed.

“Credit Suisse is front-and-center,” said Jeff Schulze, investment strategist at ClearBridge Investments, by phone Wednesday after markets closed in New York.

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