Credit Suisse's collapse in 2023 has caused significant disruption in the global banking industry. This was widely expected due to the bank's history of scandals. The bank, which was established 167 years ago, has experienced multiple crises over the years, ultimately leading to its recent downfall.
Duncan Mavin, a Bloomberg editor and author of the book "Meltdown: Greed, Scandal, and the Collapse of Credit Suisse," discusses these issues in detail. Mavin highlights the lesser-known crises that affected the Swiss bank, demonstrating how a pattern of wrongdoing contributed to its ultimate demise. In a recent episode of "In The City," Mavin shared his insights with hosts Francine Lacqua and David Merritt, providing a deeper understanding of the factors that led to Credit Suisse's troubled legacy and its impact on the financial landscape.
A paragraph can also have a simple HTML list: