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