Credit Suisse sent fresh tremors through the banking sector Tuesday when it revealed $2.85bn of mark-downs on structured credit positions caused in part by “pricing errors” by some of the Swiss investment bank’s traders.

UK Daily View: Doubts over sums at banks

Peter Thal Larsen, banking editor, on Credit Suisse’s discovery of $3bn writedowns and Barclays remaining bullish

Credit Suisse has suspended a number of traders in connection with the writedown. It said they remained employees of the bank pending the outcome of a review.