When the end came for Credit Suisse, it was very sudden. The bank had been in trouble for years, mired in scandals, and with a management team that seemed to make every mistake possible. With interest rates rising around the world, and depositors fleeing any bank with any question mark over its future, it ran out of both time and money. Even CHF50bn (£45bn) from the Swiss National Bank was not enough
Zurich’s loss is the City’s gain
Mar 24, 2023
3 minutes
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