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S&P Global Slashes Credit Suisse s Rating to Near-Junk Status

Credit Suisse has been knocked down to near-junk bond status by S&P Global, as the bank deals with risk related to its restructuring plans.

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Credit Suisse Stock Price: Shares Tank 12% on Huge Earnings Loss, Revamp

The scandal-plagued Swiss bank promised a massive strategic overhaul Thursday after posting a $4 billion loss that hugely missed earnings estimates.

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Explained | Why Is Swiss Bank Credit Suisse in the News? And What Will Happen To It in the Future?

Credit Suisse is Europe's second largest bank and is considered a "global systemically important bank." This means that its failure could trigger a global financial crisis.

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