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Oct. 4, 2022, 3:36 a.m. EDT

Credit Suisse shares bounce 4% higher in early trade

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By Steve Goldstein

Shares of Credit Suisse bounced 4% higher in early action, after the Swiss systemically important institution fell as much as 12% on Monday on worries over its financial health. The Swiss bank, which touched a record low on Monday, is nonetheless down 54% this year. Five-year credit default swaps widened on Monday to 325, according to IHS Markit data, a rise of 48% over the last month.

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