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Is Credit Suisse in a "Lehman Moment"? See what Mohamed El-Erian has to say about it.

Exclusively for Pro Subscribers: The concerns over Credit Suisse’s financial health.

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Exclusively for Pro Subscribers: The concerns over Credit Suisse’s financial health.
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NEW 52 Week Low Today

Credit Suisse Group AG

CS: NYSE

4.01 +0.10 (+2.42%)

Last | 2:56 PM EDT

RT Quote | Last NASDAQ LS, VOL From CTA | USD

Credit Suisse Group AG

CS: NYSE

4.01 +0.10 (+2.42%)

Last | 2:56 PM EDT

RT Quote | Last NASDAQ LS, VOL From CTA | USD

With concerns over Credit Suisse’s financial health, talks about whether the situation is likely to cause a credit event, like the 2008 collapse of Lehman Brothers, is up for debate. Allianz's chief economic advisor, Mohamed El-Erian chimed in on if he thinks the bank is having their "Lehman moment", and what he wishes the Fed would do.

 

What is most interesting, he said, is the market’s reaction to the Credit Suisse news. There is anxiety not only about economic issues such as tightening financial conditions, central bank mistakes and a slowing global economy, but also about market functioning.

 

Subscribe to CNBC Pro to see what El-Erian has to say about Credit Suisse’s financial health, and what investors should be watching as the Fed tries to balance controlling inflation, employment and financial stability.

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