These are the next stress tests for Credit Suisse stocks.

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What a week for Credit Suisse! After the stock fell well below the 2 CHF mark and the frenzied rumors of speculators betting on even lower prices, the Swiss National Bank (SNB) threw a CHF 50 billion lifebelt to troubled CS. But confidence in the big bank has not been restored. With a drop of nearly 27 percent, Credit Suisse is heading towards its biggest weekly price drop since the 2008 financial crisis. On the top of it. The next stress tests for Credit Suisse stock will be held, some as early as next week:

After the bankruptcy of the banks in the USA, the central banks got into a stalemate. Further rate hikes could worsen problems for banks. And this will have consequences on stock prices as well. Suspending the increase will increase the inflation problem again. The US Federal Reserve is likely to raise interest rates by 0.25 percentage points next Wednesday. This is what most analysts assume. This should bring more calm to the banking world.

Stubborn inflation is likely to remain in the central bank’s focus. That’s what the experts at Schwyzer Kantonalbank assume. “We continue to expect the SNB to raise the key interest rate by 50 percent next Thursday,” says Thomas Rühl, 43, Head of Research at SZKB. The Central Bank’s statements on financial stability are more important. This means stress for CS shareholders.

The carpet floor of Credit Suisse looks set to meet a warm plenary session on April 4 at the Hallenstadion in Zurich. Small shareholders in particular should use the big stage to denounce CEO Ulrich Körner (60) and VR Head Axel Lehmann (64). Bank bosses face tedious questions like how the restructuring of the embattled big bank is going and where the bank’s re-confidence should come from.

Credit Suisse will have to put its cards on the table when it announces its first quarter results on April 27. Then, at the latest, it will become clear how much customer money has actually flowed in the turbulent period of the past few months. An all-time low for the stock wouldn’t be a surprise if billions more dollars run out.

Source :Blick