Australian share market to see a 'sea of red' after Credit Suisse suffer financial irregularities

CommSec’s Ryan Felsman says it’s likely to be a “sea of red” on the Australian share market on Thursday after Credit Suisse reported financial irregularities. “There has been reports of financial irregularities at the bank,” he told Sky News Australia. “Also, at the same time, we have seen outflows from customers. “And then on top of that, its largest lender … the Saudi National Bank has come out and said it won’t provide any finance or liquidity for the bank because of regulatory concerns.” Presented by CommSec.