Credit Suisse (CS) and Deutsche Bank (DB) at Troubled Valuations: Which to Avoid?
Michel Derrer Fuchs Swiss credit (New York Stock Exchange: CS) is currently trading at 0.23x the tangible pound. German Bank (NYSE: DB) is trading at 0.3x tangible book value. These are very distressing valuations for banks, let alone for European banks. CS, however, is in big trouble due to a steady stream of risk management …
Credit Suisse (CS) and Deutsche Bank (DB) at Troubled Valuations: Which to Avoid? Read More »