Credit Suisse Has No Time to Lose

Credit Suisse risks getting caught in a doom loop as worries flood into a strategic vacuum while investors wait for a new turnaround plan. Management needs to act quickly to break the cycle.

The beleaguered lender’s share price fell around 8% in early trading on Monday. The apparent trigger for the latest selloff was nothing more than its bankers calling customers and investors this weekend to reassure them that all is in hand despite a jump in its credit-default swaps on Friday.