EU authorities dissociate themselves from the Credit Suisse $17 billion bond reductions
Among the 30 banks considered to be internationally systematically important was Credit Suisse, one of Switzerland’s top financial institutions since its progenitor Schweizerische Kreditanstalt was established in 1856. A full collapse could have completely destroyed the world’s financial system. Credit Suisse was divided into five divisions as of 2023: CapitalContinue Reading