SQUAWK BOX, WEDNESDAY 23RD NOVEMBER, 2022
from Squawk Box Europe Express
Credit Suisse warns of a CHF1.5bn loss in the fourth quarter. The lender will be asking shareholders to vote on its restructuring and capital-raising plans. U.S. markets are up ahead of the Thanksgiving holiday with investors eyeing Fed minutes later today. The EU proposes a €275/MWh gas price cap in a bid to stem soaring costs across the bloc this winter. However, Greek energy minister Kostas Skrelas tells CNBC the level is too high. The FTX bankruptcy proceeding is under way in Delaware amid allegations of lost assets and fatal mismanagement by founder and CEO Sam Bankman-Fried.
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