Home » Economy » The Scandals and Downfall of Credit Suisse: Uncovering the Truth

The Scandals and Downfall of Credit Suisse: Uncovering the Truth

by Alexandra Hartman Editor-in-Chief

2023-12-24 07:00:00

THE scandals, Credit Suisse chained them and even left its reputation there. Between that of Mozambique with large-scale corruption and that of the bankruptcy of Greenzillin which Credit Suisse had invested 10 billion and lost 2.5, Credit Suisse had developed a real risk culture.

This banking group was also one of the major players in the shadow financewhich represents 50% of financial activities in the world, with 152 billion in 2021 (1 and a half times the wealth of the entire planet produced in one year). Unfortunately, once once more, Credit Suisse ended up losing its feathers in this dangerous game that it was unable to control, not heeding warnings specialists internally and externally.

Why take such risks? Are the people at the head of the group the only ones responsible? Why, following these countless scandals, does Credit Suisse finally fall in March 2023?

Find out what caused its loss and which actors played a role in “Crédit suisse, the sinking of a sinking liner”. An investigation to find now on audio.

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