Credit Suisse is a known problem and I suspect there are a lot of defensive hedges in place against its collapse.
The real problem... imo... is the huge amount of corporate debt which needs to rollover in coming months (primarily a US problem due to debt raised to fund buy-backs.... non productive debt used for c-suite executives exiting stock positions). That is a lot of over priced collateral .... who is holding that bag? Probably banks, pension funds etc.
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