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The newest alarm over Credit Suisse indicators an economic system losing its traction Borrowing from the bank Suisse chief executive Ulrich Koerner should probably know better. For the Tuesday, due to the fact cost of guaranteeing the bank's securities up against standard take to around accounts not viewed since the 2009, as well as shares flirted that have brand new lows in the course of speculation regarding its health towards social network, Koerner performed a good number of bosses would do: the guy bought older professionals to expend the latest sunday comforting higher members, counterparties and you can investors the Swiss bank's liquidity and you may funding reputation are voice. It had been from the center of one's collapse out-of Greensill Financial support, the fresh debatable finance clothes you to imploded inside the eron since the a highly-paid adviser Under normal facts this would was in fact the brand new practical and you will responsible action to take, and he would-have-been compensated to possess pretending decisively having dealers kept appropriately reassured. However these try strange minutes and you can segments was performing irrationally. Koerner's try to heal relaxed met with the contrary impression. As an alternative, the guy stoked subsequent panic concerning health regarding a loan company regarded because of the bodies since the systemically crucial. [...]