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http://www.bloomberg.com/apps/news?p...7es&refer=home
So, here's the deal.
I mean seriously. Does anyone else think Brady is sanbagging his stock for Qatar to buy it up at firesale prices?
So, here's the deal.
Switzerland's second-largest bank said an internal review found ``mismarkings'' by an unidentified group of traders that contributed to $2.85 billion of writedowns on asset-backed securities. The bank said in a statement today that it's assessing whether 2007 earnings were also affected.
The announcement comes two days after Qatar said it was buying shares in Credit Suisse and a week after the Zurich-based company reported net writedowns of 2 billion Swiss francs ($1.8 billion) for all of last year. Chief Executive Officer Brady Dougan said on Feb. 12 that he was ``more optimistic than many'' about prospects for a debt market recovery.
The announcement comes two days after Qatar said it was buying shares in Credit Suisse and a week after the Zurich-based company reported net writedowns of 2 billion Swiss francs ($1.8 billion) for all of last year. Chief Executive Officer Brady Dougan said on Feb. 12 that he was ``more optimistic than many'' about prospects for a debt market recovery.
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