If you’ve been keeping up with the news, you would have come across plenty of headlines such as “Central banks try to calm markets after UBS deal to buy Credit Suisse” or “Swiss regulators rush to assuage fears over Credit Suisse”. There seems to be a lot of fear associated with Credit Suisse… Source: Giphy What exactly happened to one of the world’s biggest financial institutions? And why does it even matter to you? Let’s find out!

TL;DR: Credit Suisse – What Happened to One of the World’s Top Banks?

Credit Suisse has been “rescued” by UBS through a US$3.23 Billion acquisition deal backed by the Swiss Government. The bank has been struggling with a series of scandals that led to the gradual erosion of trust. The final blow that sealed the deal came when its main shareholder couldn’t provide more capital to help with the...