Credit Suisse shares briefly sank to an all-time low on Monday while credit default swaps hit a record high.
"I know it's not easy to remain focused amid the many stories you read in the media — in particular, given the many factually inaccurate statements being made. That said, I trust that you are not confusing our day-to-day stock price performance with the strong capital base and liquidity position of the bank," Koerner said.
A price-to-book ratio measures the market value of a company's stock against its book value of equity, while earnings-per-share divides a company's profit by the outstanding shares of its common stock., including exit of U.S. investment banking, creation of a 'bad bank' to hold risky assets, and capital raise, indicate a huge overhaul is needed to turn around the bank, in our view," Ibrahim said.
"Banks being highly leveraged entities are exposed much more to sentiment of clients and most importantly to providers of funding, and that's the challenge for Credit Suisse to thread that delicate path between addressing the interests of providers of, especially, wholesale funding, and then also the interests of equity investors," Scholtz said.
"The other thing that is much different compared to the Great Financial Crisis – and that's not just the case only for Credit Suisse – is that not only are their equity capital levels much higher, you've also seen a complete overhaul of the structure of banking capitalization, something like buy-inable debt that's come along, also improves the outlook for the solvency of banks.
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