Credit Suisse's CDS moves reflect market fragility

10/5/2011 | Wall Street Journal, The

Some hedge funds tried to buy credit default swaps on European banks from Credit Suisse, but the Swiss banking giant declined to take some of the trades, sources said. Credit Suisse also refused to take over some of the funds' derivatives trades that resulted in exposure to European banks. The moves reflect market participants' caution amid difficult conditions.

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Wall Street Journal, The

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