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Credit Suisse ‘may or may not’ be a Lehman moment but something is going to break, Sri-Kumar says
Worries are mounting over Credit Suisse’s financial health — but that doesn’t mean markets are headed toward a “Lehman moment,” said the president of Sri-Kumar Global Strategies. “I think the Federal Reserve is going to have to face the consequences of a credit event” if it were to occur, Komal Sri-Kumar told CNBC’s “Squawk Box Asia” on Monday. “Something is going to break.” “This may or may not be a Lehman moment,” he said, referring to the collapse of Lehman Brothers in 2008, which triggered a string of big Wall Street bailouts and a subsequent financial crisis. Over the weekend, several ... (full story)
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