Credit Suisse rating near junk. For a big, global, systemic bank, an unsustainable position that implies necessarily deposit withdrawals (particularly from their key high net worh clients) and makes it more expensive to raise the money (Gated: https://www.wsj.com/livecoverage/federal-reserve-meeting-interest-rate-hike-november-2022/card/credit-suisse-moves-closer-to-junk-status-hHmtlhRynjdvhWDVgNuG)

🐦🔗: https://nitter.eu/lugaricano/status/1587818373982965760