Template:Disaster roll - Credit Suisse
Credit Suisse || Switzerland || Gradual decline into entropy with a 92% decline in share price since 2015 || Hubris, incompetent management, stupidity, spying, uselessness || Billions and billions over a series of avoidable cockups || Like the old man in Monty Python and the Holy Grail, “I’m not dead. I think I’m going for a walk. I feel happy.” Market (to SNB): “Isn’t there anything you can do?”|| It is not, yet, a crime to make a series of howling cockups[1] over a credulity-defying period any more than it is a crime to not read an AT1 prospectus. Reputations damaged for ever, but alas no porridge, however richly deserved it may seem. .
- ↑ except where the individual cockups were themselves criminal of course