rba speech, 2023-10-31
In Europe, Credit Suisse was immediately caught in the cross-fire, having only narrowly survived a deposit run in October 2022 around the time a journalist tweeted that a major investment bank was 'on the brink'; this post had more than 6,000 retweets in less than 24 hours, a time when Credit Suisse was losing CHF12-15 billion per day in deposits!
Sentiment: neutral
Topic: financial_stability