Strategist Warns Credit Suisse Next to Collapse — Says 'There' | ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸

Strategist Warns Credit Suisse Next to Collapse — Says 'There's a Run on the Bank'

Market strategist Greg Foss has predicted that Credit Suisse will be the next major bank to collapse, citing capital trouble and a run on the bank. The Swiss banking giant has also identified “material weaknesses” in its financial reporting controls. Its shares plunged on Wednesday after the bank failed to raise capital from its largest investor.

Credit Suisse is in big capital trouble. It’s only got a 10-billion-dollar market cap for about a trillion dollars of assets, which is ridiculously low.

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