
Credit Suisse Group AG (NYSE:CS) shares recovered early morning losses and traded higher by 2.4% on Monday following a report by the Financial Times that the Swiss bank has been reaching out to investors to reassure them about the bank's financial health.
One of the biggest red flags for investors was a spike in Credit Suisse's credit default swaps (CDS) on Friday. Here's what investors need to know about CDS and why it matters.