Credit Suisse's Turbulent Times: A Crisis of Confidence and Global Market Impact.

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Source: CNBC
Credit Suisse's Turbulent Times: A Crisis of Confidence and Global Market Impact.
Photo: CNBC
TL;DR Summary

Credit Suisse has received a liquidity lifeline from the Swiss National Bank after its share price plunged to an all-time low, making it the first major bank to receive such an intervention since the 2008 Global Financial Crisis. The bank's path to the brink has been a long and tumultuous one, marked by years of investment banking underperformance and a litany of scandals and risk management failures. Credit Suisse is currently undergoing a massive strategic overhaul in a bid to address these chronic issues.

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