Credit Suisse's collapse in 2023 has had a significant impact on the global banking sector, which was expected by many due to the bank's history of scandals.

Duncan Mavin, a Bloomberg editor and author of "Meltdown: Greed, Scandal, and the Collapse of Credit Suisse," points out that the bank's problems can be traced back to its establishment 167 years ago. Mavin, who has extensively covered banking misconduct in Europe, highlights that while many banks face scandals, Credit Suisse stands out due to its consistent pattern of crises. He attributes the bank's inevitable downfall to an internal culture that was problematic and persisted despite the efforts of multiple executives at the C-Suite level.

The discussion brings attention to the lesser-known crises that contributed to the bank's ultimate failure, emphasizing the systemic issues that plagued Credit Suisse throughout its history.