Credit Suisse Collapse: Complacency and Mismanagement

The inquiry into Credit Suisse's collapse reveals that complacency and greed contributed significantly to its downfall. The bank lost $37 billion over the years leading up to its failure, yet management received performance bonuses totaling over $44 billion, indicating a failure in accountability and oversight. This extensive investigation, led by Isabel Chasseau, highlighted that the responsibility for the bank's precarious situation lay squarely with its board of directors and management. The situation intensified when a seemingly innocuous tweet about the bank's troubles went viral, triggering a rapid withdrawal of funds that eventually led to its demise.