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Scandal, Sleaze and the Collapse of Credit Suisse, with Duncan Mavin

Intelligence Squared

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The Downfall of Credit Suisse

This chapter examines Credit Suisse's involvement in major scandals like Greensill and Archegos and critiques its handling of financial risks leading to substantial losses. It highlights how poor decisions eroded trust and culminated in a banking crisis, exacerbated by a significant digital bank run. Ultimately, the chapter outlines the bank's turbulent journey towards its acquisition by UBS, marking the end of an era for a once-powerful financial institution.

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