What Is The Credit Suisse Crisis?
What Is The Credit Suisse Crisis? Who is Credit Suisse • Credit Suisse has a domestic Swiss bank plus Wealth management investment banking & asset management operations the Swiss National Bank has designated it one of the Switzerland global Systemically important banks whose failure would cause “ Significant harm to the Swiss economy & financial system Who controls the Swiss banking system? • Credit Suisse is one of the oldest and most influential banks around the globe. While the bank is widely acclaimed and known for its influence and robustness, it has touched an all-time low. • Ever since the ongoing year started, Credit Suisse’s share price has seen a 60 percent decline. Meanwhile, the credit default swaps (CDS) spreads on Credit Suisse debt have jumped to a 14-year high. • The CDS spread this time is the highest since the 2008 global financial crisis. • These two major trends have resulted in widespread speculations