How scandal and mistrust ended Credit Suisse's 166-year run
For 166 years, Credit Suisse helped position Switzerland as a linchpin of international finance and went toe-to-toe with Wall Street titans.
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For 166 years, Credit Suisse helped position Switzerland as a linchpin of international finance and went toe-to-toe with Wall Street titans.
Credit Suisse, once one of the stalwarts of the global financial system, is no more. While the end came quickly, the decay was years in the making.
Switzerland was prudent to rescue Credit Suisse. Now it ought to demand some accountability from the bank’s management.
The US investment manager owned as much as 10 per cent of Credit Suisse’s stock last year.
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