“At the moment the market is reacting to the fact that there actually could potentially be a capital raise which could suggest that there is some financial distress in the company. So if there is a risk of financial distress in the company and there is a risk of Credit Suisse collapsing, obviously that comes with bigger systemic issues. But if we look in terms of what is happening it really seems to be market based in terms of where the reaction is coming from. If we look on the operational side and the fundamentals they are not quite as bad as the picture painted by the market”, says Nolwandle.
Listen to the full clip below.