Citi's Take on Credit Suisse's Financial Health

After Credit Suisse's CEO-Ulrich Koerner said that the bank is at critical moment and that Bank is preparing for its latest overhaul, while stressing bank's strength, Credit Suisse plunged over 5%. But CITI says we 'This is Not 2008'. Citi believes Credit Suisse's position is better than its peers. CS has a CET1 ratio of 13.5%, high vs peers and LCR at 191% is among best in class; the liquidity position is very healthy. They say, CS is a 'Buy For the Brave'. The market appears to be pricing in a highly dilutive capital raise but headline news flow is likely to remain negative. They do see significant execution risk in any new strategic plan.#creditsuisse #citibank #lcr