Bank's Face A Crisis Of Confidence | Weekly Round Up
Inflection Point
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Credit Swiss and the Arquigos Scandal
Bob Greene: Let's talk a little bit about credit Swiss and some of the problems that's going on there. He says they've seen outflows for long period of time, their stock is down from the peak about 98%. Greene: It's not just like the last two years,. I mean, it's a 20 year downward spiral. Poor management, you know, massive, massive leverage made Lehman look almost prudent in terms of the amount of leverage Deutsche Bank still has.
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