Analyst sees no contagion to U.S. banks as Credit Suisse confronts challenges

MarketWatch/Steve Gelsi/10-3-2022

“Citigroup Inc. analyst Keith Horowitz says jitters about systemic risks posed by Swiss banking giant Credit Suisse appear to be overblown. ‘We don’t see cause for concern,’ Horowitz said in a flash research note late Sunday, in the wake of fresh speculation about potential capital raising or deeper problems at Credit Suisse.”

USAGOLD note: If you want to generate considerable interest in a contagion, deny that the potential collapse of a major bank is a problem. Citi, reports MarketWatch, has received inquiries about the potential “contagion impact” from the problems at Credit Suisse. (Nothing to see here, move along.)

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