Too Long; Didn't Read
The stock prices of Credit Suisse and Deutsche Bank are plummeting. Both international investment banks’ shares are currently trading at 0.23x and 0.3x tangible book value. The recent market occurrences are like the Lehman Brothers’ financial crisis of 2008. Going by the trends, we could be heading toward another major financial crisis. The Swiss investment bank is experiencing risk management problems. The company's $5.5 billion Archegos Capital disaster and other bad moves made by the company have landed them in serious trouble.