Swiss news media went from nothing at noon to running stories about deposit insurance in the evening. Feels like Credit Suisse might really go under

OSS + Rust. I have one goal in life: the ability to stop thinking at will

Matt Levine did a solid writeup on this a couple hours ago. https://www.bloomberg.com/opinion/articles/2022-10-03/everyone-wanted-to-buy-twitter-with-elon

Research @ Atomic | @astorventures, @mohrdavidow, @kernel0x, cs @harvard

tl;dr The market-implied probability of default for Credit Suisse Group AG has gone up a lot in recent months, but is still relatively low. Credit Suisse attempted to reassure employees and investors that the bank was in good financial health, but it backfired and caused sell-off