Credit Suisse fails to reassure investors

By David Gura , Rafael Nam

Karen Petrou, managing partner at Federal Financial Analytics, a consulting firm based in Washington D.C., said she expects Credit Suisse will be rescued by Switzerland if needed, but added any failure could have major ramifications given how inter-connected the lender is across the globe. “If Credit Suisse were to fail, you would see significant problems,” she said. “All sorts of exposures would come unglued.”Credit Suisse Chairman Axel Lehmann said on Wednesday the bank’s balance sheet is strong and that it has sufficient capital, according to The Wall Street Journal, but his comments failed to soothe investors’ fears….