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Australian share market to see a ‘sea of red’ after Credit Suisse suffer financial irregularities

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Australian share market to see a ‘sea of red’ after Credit Suisse suffer financial irregularities
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CommSec’s Ryan Felsman says it’s likely to be a “sea of red” on the Australian share market on Thursday after Credit Suisse reported financial irregularities.

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“Also, at the same time, we have seen outflows from customers. “And then on top of that, its largest lender … the Saudi National Bank has come out and said it won’t provide any finance or liquidity for the bank because of regulatory concerns.”

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