Swiss financial services company Credit Suisse is the latest victim of a new confidence crisis in banking. But its takeover by rival bank UBS didn’t come of out the blue. It was the inevitable result of many scandals, failures, and disappointments.
In today’s episode, Dylan talks about what happened to Credit Suisse. How did a bank with over 150 years of history collapse so spectacularly? What can we learn from this latest bank fallout? And does this mean we’re in for a repeat of the 2008 financial crisis?
Show Highlights
[02:22] What is Credit Suisse?
[09:50] Credit Suisse’s many scandals and failures
[16:45] Why Credit Suisse’s stock price plunged to a new all-time low
[21:16] How Swiss regulators resolved the Credit Suisse crisis
[22:49] On whether the global financial system is on the verge of a widespread collapse
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