Credit Suisse Collapse

Credit Suisse Collapse. Credit Suisse, a major international investment bank, was acquired by its old rival UBS at a surprisingly low price of $3.2 billion, de…

Location: Paradeplatz, Zurich, Switzerland

Year:

Category: dark

Credit Suisse, a major international investment bank, was acquired by its old rival UBS at a surprisingly low price of $3.2 billion, despite having assets under management of over $1.5 trillion. This acquisition was facilitated by the Swiss government, and it's a dramatic turn of events for a bank that was once a symbol of Swiss financial stability. The bank's collapse was hastened by the withdrawal of support from the National Bank of Saudi Arabia.

Source: Talk about how the recent Credit Suisse collapsed

Credit Suisse Collapse — Zurich, Canton of Zurich

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