Credit Suisse vs. KPMG, Credit Suisse: No Rogue Traders Here

The immediate issue — one that Credit Suisse amazingly says is undecided — is whether a $2 billion bond issue, sold a week ago, will settle today as scheduled. That rate was 212.5 basis points — or 2.125 percentage points — over Treasuries at the time. Will they reauction it? Will they offer a little extra yield? Stay tuned.