Some of Europe’s largest banks seized on the turmoil that engulfed Credit Suisse Group AG last week by facilitating billions of dollars in bond trading as investors bet on the Swiss lender’s fate.
Banks including Barclays Plc, BNP Paribas SA and Morgan Stanley have been among the most active in trading debt of the Swiss lender in recent days, which could translate into material gains for the desks provided they weren’t caught out by the volatility of the past few days, people familiar with the matter said.
Source : Credit Suisse Chaos Boosts Opportunities for Bond Traders in Europe