Credit Suisse: The Worst Of The Oil Collapse Has Passed

Credit Suisse will not suffer any major losses from its exposure to the oil and gas industry, the bank’s chairman Urs Rohner told Swiss broadcaster SRF as quoted by Reuters. “Our oil and gas exposure is possibly a little bit bigger than other European banks,” Rohner said, adding “But seen in total, it is relatively small. That’s not something where I believe there’s a big reason to worry.” Just last Friday, Credit Suisse oil analyst Bill Featherstone wrote in a note that the oil and gas industry may have…