(277) How did Credit Suisse fail so fast? : Economic case study - YouTube
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VIDEO INTRODUCTION:
Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.
The bank said it would borrow up to 50 billion Swiss francs ($53.7 billion) from the Swiss National Bank, taking advantage of a lifeline late Wednesday after its stock crashed as much as 30%. It also said it would buy back some of its own debt.
Its struggles set off anxiety in Europe and across global markets, and what happens at Credit Suisse could impact the broader financial system.
Why does Credit Suisse matter?
Watch this video to know more
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