Showing posts with label Swiss Banking. Show all posts
Showing posts with label Swiss Banking. Show all posts

Friday 21 April 2023

Why the World Should Care About Credit Suisse’s Downfall


Switzerland’s secret bank accounts and political neutrality turned the small Alpine nation into a financial giant. Now the demise of Credit Suisse, one of its two big banks, has shaken global finance and created a megabank in UBS that comes with new and potentially bigger risks. 
Bloomberg journalists trace the history of Swiss banking and how the ramifications of the Credit Suisse crisis extend far beyond the country’s borders.
 
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