Inside the turmoil at Credit Suisse
Business InsiderMAR 17 2023
Between multiple failed investments and legal settlements, Switzerland's second-largest bank is running out of solutions as its capital funds and public relations continue to deteriorate. Credit Suisse isn't quite on the brink of total collapse, but the bank has absorbed virtually every negative blow possible, and it’s close to the edge.
Credit Suisse's sharp and rapid decline could provide a silver lining, as Middle Eastern sovereign wealth funds may capitalize on the bank's current low valuation. If these funds do choose to invest, Credit Suisse could begin to rebuild its business and remake its public image.