Credit Suisse to Redeem Volatility Note After Value Plunges

The video discusses the return of market volatility and its impact on investment products, particularly focusing on a Credit Suisse exchange traded note. The note, which was a bet against volatility, is being bought back by the bank, leading to potential losses for investors. Despite reassurances from Credit Suisse about their own position, the market remains affected, with stocks down. The video further explores the scale of the short volatility trade and the financial exposure involved, highlighting the significant market cap and potential losses.

How did Credit Suisse reassure the markets regarding their position?

What was the reported loss associated with the Credit Suisse note, and how did the bank respond?