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Arthur Rutishauser argues that the leaders of Credit Suisse, who profited immensely over three decades while breaching laws and harming the country, should face justice. His book "Game Over" inspired a film of the same name, emphasizing that Switzerland must not tolerate such failures.
"Game Over - The Fall of Credit Suisse," a documentary by Arthur Rutishauser, chronicles the bank's decline from the Chiasso scandal in 1977 to its eventual collapse, highlighting the impact on employees and the Mozambican community affected by the tuna bonds fiasco. The film features interviews with key figures and critiques the bank's culture of excessive bonuses and lack of accountability among its executives. Set for release on March 27, it aims to shed light on the turbulent history of this once-prominent Swiss institution.
The world premiere of "Game Over - The Fall of Credit Suisse" took place in Zurich, attracting over 700 guests, including prominent figures and former employees. The film, which explores the bank's scandalous history, received positive feedback, with attendees emphasizing its authenticity and relevance for policymakers. Following the screening, discussions highlighted the importance of learning from the bank's downfall to prevent future crises.
The documentary "Game Over - The Fall of Credit Suisse" premiered in Zurich, showcasing the bank's dramatic collapse. Directed by Simon Helbling and based on investigative work by Arthur Rutishauser, it features exclusive interviews and insider accounts, revealing the depths of a major financial scandal. The film will hit Swiss cinemas on March 27, 2025, accompanied by a book and a round-table discussion featuring notable figures from the banking sector on April 2, 2025.
The documentary "Game Over - The Fall of Credit Suisse," directed by Simon Helbling, explores the bank's collapse through investigative journalism, revealing a history of greed and mismanagement. Arthur Rutishauser, editor-in-chief of SonntagsZeitung, emphasizes the importance of understanding the implications for Swiss citizens, as the film aims to reach audiences beyond traditional news consumers. The film combines elements of drama, comedy, and tragedy while ensuring journalistic integrity by allowing journalists to maintain final content oversight.
"Game Over" premiered in Zurich, detailing the downfall of Credit Suisse, starting from the Chiasso scandal in the 1970s. The film critiques a series of greedy managers, highlighting their role in the bank's collapse while also showcasing the victims of its corrupt practices, including the Mozambique Tuna bonds scandal. Richard J. Chandler, a long-time employee, defended the bank's Swiss operations, suggesting not all was negative.
"Game Over," a film about the collapse of Credit Suisse, premiered in Zurich, showcasing the dramatic downfall of the bank and its executives. While the movie highlights the greed and mismanagement of CS leaders, it leaves unanswered questions about the lack of accountability and the role of Swiss authorities during the crisis. The film, financed by Netflix, combines thrilling historical insights with a critique of the banking sector, yet rushes through key events leading to CS's demise.
Celebrities gathered at Zurich's Corso cinema for the premiere of "Game Over - The Fall of Credit Suisse," highlighting the ongoing impact of the bank's collapse three years ago. Author Arthur Rutishauser's work reveals that the downfall could have been averted, with a significant offer for CS's investment bank made prior to UBS's takeover. The film, set for release on March 27, paints a troubling picture of the banking sector's final days and the self-serving mentality that contributed to the crisis.
Credit Suisse's downfall may have been preventable, as reports indicate that an offer to sell its investment bank for CHF 5 billion was rejected by management a year before UBS's takeover. Bob Diamond confirmed his interest in acquiring the investment bank, while a buyer for Asset Management was also found, willing to pay CHF 5 billion. Ultimately, UBS acquired Credit Suisse for just CHF 3 billion, leaving shareholders with minimal returns.
One year before its collapse, Credit Suisse rejected a crucial offer from American banker Bob Diamond to buy its investment bank for CHF 5 billion, a decision made by Chairman Axel Lehmann. This rejection, alongside poor strategic choices and internal conflicts, led to significant liquidity issues and a massive withdrawal of client funds, ultimately resulting in the bank's downfall. The situation worsened with a failed savings program and skepticism surrounding new management strategies, culminating in the bank's final crisis.
Arthur Rutishauser
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call for accountability in swiss banking leadership after decades of misconduct
07:46 22.03.2025
the rise and fall of credit suisse a documentary exploration
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documentary exposes downfall of credit suisse and its greedy management
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premiere of game over film highlights downfall of credit suisse
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could credit suisse's collapse have been avoided with earlier deals
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missed opportunity led to credit suisse collapse after rejected buyout offer
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