Tesla (NASDAQ: TSLA) is practically the Rorschach test of stocks. Whatever your take on it is, one thing is certain: Its market cap is a lot lower than it was just a year ago. Here are three stocks that could be worth more than Tesla by 2030. Read More...
Reuters
Credit Suisse equities business under the microscope after revenue crash
At the grandiose Fontainebleau Miami Beach hotel, Credit Suisse hosted its top clients in October amid growing doubts it was still in the securities trading game after a series of high-profile blunders. As the sun rose in Florida on day two, back in London, the Swiss bank’s managers were unveiling their latest restructuring plans – and the global securities trading business being showcased in Miami was in the crosshairs. Scarred by a $5.5 billion hit from the unravelling of U.S. investment firm Archegos in 2021, a retreat from the hedge fund business and unprecedented client outflows, Credit Suisse said it needed billions in capital and planned to spin off the bulk of its investment bank, sending its shares into a tailspin.
