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     today.com

     • Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals in recent years, including a spying scandal, the collapse of two investment funds in which the bank was heavily involved, and a rotating group of executives.
     www.investopedia.com › what-happened-at-credit-suisse-and-why-did-it-collapse-7369825

     What Happened at Credit Suisse, and Why Did It Collapse?

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   What happened to Credit Suisse?

   • Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals in recent years, including a spying scandal, the collapse of two investment funds in which the bank was heavily involved, and a rotating group of executives.

   What Happened at Credit Suisse, and Why Did It Collapse? - Investopedia

   www.investopedia.com/what-happened-at-credit-suisse-and-why-did-it-collapse-7369825

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   Did Credit Suisse fail in autumn?

   • An unsubstantiated rumour on an impending failure of the bank in the autumn sent customers fleeing. Credit Suisse confirmed in February that clients had pulled 110 billion Swiss francs ($119 billion) of funds in the fourth quarter while the bank suffered its biggest annual loss of 7.29 billion Swiss francs since the financial crisis.

   What happened at Credit Suisse and how did it reach crisis point?

   www.reuters.com/business/finance/credit-suisse-how-did-it-get-crisis-point-2023-03-16/

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   Why did Credit Suisse restructure?

   • The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank. Thursday’s restructuring announcement was the latest effort by Credit Suisse — a linchpin of the Swiss banking industry for 166 years — to turn around its fortunes. Lea Meienberg for The New York Times

   Credit Suisse Unveils Sweeping Revamp to Revive Its Fortunes

   www.nytimes.com/2022/10/27/business/credit-suisse-restructuring.html

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   Why did Credit Suisse shut down SVB?

   • Life moves pretty fast, especially on weekends, something Credit Suisse would find out the hard way later in the month. SVB had by Monday been shut down by regulators, with contagion fears wiping billions of dollars off the market value of even the biggest US banks. Analysts at CS did not appear overly concerned:

   The inside story of Credit Suisse’s collapse, by Credit Suisse

   www.ft.com/content/857567b8-775c-496a-8578-c7b6419c9c96

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3. www.investopedia.com › what-happened-at-creditWhat Happened at Credit Suisse, and Why Did It Collapse?

   www.investopedia.com › what-happened-at-credit

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   Mar 28, 2023 · Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals...

4. www.reuters.com › business › financeWhat happened at Credit Suisse and how did it reach crisis ...

   www.reuters.com › business › finance

   Mar 18, 2023 · Credit Suisse confirmed in February that clients had pulled 110 billion Swiss francs ($119 billion) of funds in the fourth quarter while the bank suffered its biggest annual loss of 7.29...

5. www.npr.org › the-demise-of-credit-suisseWhat happened to Credit Suisse and what could the fallout be ...

   www.npr.org › the-demise-of-credit-suisse

   Mar 21, 2023 · But, one of the country's biggest and oldest banks, Credit Suisse, collapsed over the weekend, forcing the Swiss government to broker a deal that saw rival UBS buy the bank for $3.2 billion.

   • Author: Adrian Ma

6. www.ft.com › content › 857567b8-775c-496a-8578-c7bThe inside story of Credit Suisse’s collapse, by Credit Suisse

   www.ft.com › content › 857567b8-775c-496a-8578-c7b

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   Apr 24, 2023 · March 13: Life moves pretty fast, especially on weekends, something Credit Suisse would find out the hard way later in the month. SVB had by Monday been shut down by regulators, with contagion...

7. Videos

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     Credit Suisse: What is happening to the Swiss banking giant? - BBC News

     Mar 15, 2023

     1.1M Views

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     11:23

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     The Collapse of Credit Suisse | A Financial Documentary

     Dec 29, 2023

     1.6K Views

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     8:52

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     Credit Suisse’s Final Days: The Race to Avert a New Banking Crisis

     Mar 24, 2023

     91K Views

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8. www.nytimes.com › credit-suisse-restructuringCredit Suisse Unveils Sweeping Revamp to Revive Its Fortunes

   www.nytimes.com › credit-suisse-restructuring

   Oct 27, 2022 · Oct. 27, 2022. After decades of chasing the prestige and profits of its rivals on Wall Street, Credit Suisse is pulling back to save itself. The Swiss bank said on Thursday that it would carve...

9. www.bloomberg.com › graphics › 2023-credit-suisseCharting How Years of Stumbles Led to the End of Credit Suisse

   www.bloomberg.com › graphics › 2023-credit-suisse

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   Mar 16, 2023 · The last five years, in particular, have been marked by a series of headline-grabbing scandals and management missteps that drove Credit Suisse’s market capitalization from more than $50...

10. www.ft.com › content › 6b9909f1-0a1f-4c4e-b11a-cc4aCredit Suisse’s demise: a new twist on the ‘Swiss finish’

    www.ft.com › content › 6b9909f1-0a1f-4c4e-b11a-cc4a

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    Mar 27, 2023 · The demise of Credit Suisse has lent the term an unfortunate new meaning. But the fateful irony may not end there. The way CS failed, the mechanics of its shotgun rescue by arch rival UBS and...