Bets that Credit Suisse will default on its debt have hit a record high as pressure mounts on the banking industry
The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland October 28, 2020. Picture taken October 28, 2020.Bets that Credit Suisse will default on its debt soared to record levels on Wednesday.The plunge for Credit Suisse came after a top investor said it would not invest more money in the bank.
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