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Credit Suisse was once one of the world’s most respected financial institutions—until it unraveled in a storm of controversy. From spying scandals and fraud to massive money laundering and mysterious ...
Swiss regulators are mounting a puzzling offensive against the very mega-bank they themselves helped merge in the 2023 ...
Michelle Bowman, the Fed governor responsible for financial regulation, said recently that rules had pushed “foundational ...
UBS on Wednesday posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as U ...
Nearly 15 years later, however, Credit Suisse would find itself on the brink, its reputation sunk so low that it could be brought down by a single tweet. In “Meltdown,” Duncan Mavin ...
Mavin writes that the collapse of Credit Suisse “had been decades in the making. The whole of the bank’s troubled history was a prelude to this humbling, humiliating meltdown.” It was a ...
“Even Khan was shocked” by his fast ascension, writes Duncan Mavin in his new book, “Meltdown: Greed, Scandal, and the Collapse of Credit Suisse” (Pegasus Books), out now. But his success ...
MELTDOWN: Greed, Scandal, and the Collapse of Credit Suisse, by Duncan Mavin A decade ago, the venerable and now defunct bank Credit Suisse brought in a new chief executive, Tidjane Thiam ...
One of those observers who saw it coming was Bloomberg editor Duncan Mavin, author of Meltdown: Greed, Scandal, and the Collapse of Credit Suisse. Mavin has covered banking malfeasance for more ...
One of those observers who saw it coming was Bloomberg editor Duncan Mavin, author of Meltdown: Greed, Scandal, and the Collapse of Credit Suisse. Mavin has covered banking malfeasance for more ...
The Swiss government ultimately engineered an emergency takeover of Credit Suisse by UBS Group AG, saying the move shielded the country and its taxpayers from a potential financial meltdown.