Struggling Credit score Suisse Is Dealt a Sharp Blow
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Credit score Suisse did not want this.
The financial institution, based 166 years in the past, is combating to outlive. It desires to persuade the market that it nonetheless has a future.
Meantime, its market capitalization has collapsed and actually makes it an M&A goal As soon as considered one of Europe’s flagship banks, Credit score Suisse has seen its market cap fall to simply 10.5 billion Swiss francs ($10.55 billion) ultimately test.
The financial institution is thus valued at lower than Coinbase (COIN) , the cryptocurrency buying and selling platform, which has a market capitalization of $16.8 billion. It is barely higher than Robinhood (HOOD) , the Gen Z brokerage, whose market worth is $9.7 billion.
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