Credit Suisse CEO on controversial volatility trades: 'It worked well for a long time until it didn't'

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  1. Credit Suisse CEO on controversial volatility trades: ‘It worked well for a long time until it didn’t’  CNBC
  2. Credit Suisse posts 3rd loss in a row on tax hit  MarketWatch
  3. Market volatility boosts revenue at Credit Suisse  Financial Times
  4. Credit Suisse Plays a Dangerous Game With Market Hurricane  Bloomberg
  5. Full coverage



Credit Suisse CEO says people used its short volatility product, the XIV, at their own risk when its value plummeted last week..On issuing complex investment products like exchange traded notes, it s better to be safe than sorry, says Euronext CEO Stephen Boujnah. One of the most popular of theseshort volatility ETNs, known as the XIVand issued by Credit Suisse, lost approximately percent of its value overnight. The losses .Bank boss Tidjane Thiam XIV has been 'a legitimate market instrument that serves a purpose'. Credit Suisse CEO Tidjane Thiam isn't apologizing over XIV's flameout. Credit Suisse CEO Tidjane Thiam on Wednesday defended a controversial product that let traders bet that .Credit Suisse CEO says people used its short volatility product, the XIV, at their own risk when its value plummeted last week..







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