Credit Suisse is a famous investment bank headquartered in Switzerland. Many people believe that the bank may now be under considerable financial distress and they are predicting a total collapse of the entire global banking system. The CEO made a statement to assuage these fears, but it didn't do much at all. There's also some real concern about the bank's financial position. Their restructuring plan hasn't gone down well with investors and there're concerns on whether the bank is adequately capitalized.