The European banking crisis! (Credit Suisse)
Credit Suisse shares fell 21% at the premarket, the biggest one-day sell-off in history.
The main shareholder ruled out any support for the bank.
Credit Suisse management thinks all is not lost and rules out government support. (Or pretends to be OK)
European government bonds are rising in value. Investors are banking on stopping a tightening of the ECB's monetary policy. (As in the U.S.)
The ECB rate will be released on March 16 at 16:15 Moscow time. The press conference is at 4:45 PM MSK.
Big names in the industry, almost all of them: "ECB MUST STOP HIS BETTER!"
Chances of bank default increased 38% (550+ p. in CDS)
