235,072 views Jul 14, 2022 The Credit Suisse story is about how finance went wrong at one of Switzerland's most important institutions and one of the most important banks in Europe. It's a tale of high-profile scandals, from corporate espionage to cocaine smugglers and oligarchs. But what does the future hold for the venerable institution? Credit Suisse's new chairman, Financial Times reporters and banking industry experts explain it all. Read more at https://on.ft.com/3PrvpZe
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#banking #creditsuisse #finance #lender #Switzerland #ubs #zurich #scandal #spygate #tidjanethiam #axellehmann #thomasgottstein #banks #morganstanley #spying #oligarchs #covid #lockdown #antoniohortaosorio, #coronavirus #archegosgreensill #markets #bonds #investing #investmentbanks #investment #money #scandals
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Francisco Gimeno - BC Analyst Amazing description of the last years of scandals of Credit Suisse, due to so many factors, some seeming being so childish and some due to lack of preparation and research on funds investments made many investors lose their assets. A lot of money but also a picture of those who control banks and have the bank economic power. The public will forget what happened as every day new scandals or happenings are shown, but in our mind something remains: we are seeing that not just Credit Suisse is maybe a failure but also that the culture, procedures and technology many banks should be using are falling into no transparency, into lack of trust on the side of investors and customers, promoting the idea we need another type of financial institutions, not breaking with the old, but transforming it and creating the digital economy. Otherwise we will continue to see these scandals and the feelings of being abused by banks will grow to an explosion one day. Finally, please watch it until the end, the whole amount of fraud, scam and criminal collaboration that allegedly happened in this particular Bank will leave you open mouthed.