Credit Suisse shares bounce 4% higher in early trade

Shares of Credit Suisse
CSGN,
+5.20%
CS,
+2.30%
bounced 4% higher in early action, after the Swiss systemically important institution fell as much as 12% on Monday on worries over its financial health. The Swiss bank, which touched a record low on Monday, is nonetheless down 54% this year. Five-year credit default swaps widened on Monday to 325, according to IHS Markit data, a rise of 48% over the last month.