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Credit Suisse: Difference between revisions
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{{a|myth|{{image|Lucky Dog|jpg|}} }}The proverbial missing dog of modern international finance. Also known amongst banking analysts as “[[Debit Suisse]]”. | {{a|myth|{{image|Lucky Dog|jpg|}} }}The proverbial missing dog of modern international finance. Also known amongst banking analysts as “[[Debit Suisse]]”. | ||
For it has been an immutable rule of the market that if an unfortunate, weird, dumb, or preposterous thing happens in the market, Credit Suisse is sure to be involved and, if it hasn’t actually ''caused'' it, will be on the wrong ''end'' of it. This is the role that Deutsche Bank used to play. | For some years it has been an immutable rule of the market that if an unfortunate, weird, dumb, or preposterous thing happens in the market, Credit Suisse is sure to be involved and, if it hasn’t actually ''caused'' it, will be on the wrong ''end'' of it. This is the role that Deutsche Bank used to play. | ||
After a period of seven or more years in which Credit Suisse seemingly was drawn to every financial catastrophe going, like a moth to a candle — events such as its spying on its own executives, Malachite, [[Archegos]], [[Greensill]], Evergrande, [[Covid-19]], [[1MDB]], [[tax]] evasion, lockdown breaches, serial [[KYC]] and [[money laundering]] breaches, Bulgarian drug trafficking, a $500 million insurance fraud on the Georgian prime minister, $850m Mozambique tuna bonds fraud, and diverse sanction breaches — things looked like they were reaching an end-game in 2023 following the failure of the [[Silicon Valley Bank]] and a sudden market-wide loss of confidence in the Swiss lender. The irony being that [[SVB]] was the first major financial scandal in a decade that old “Lucky” the one-eyed dog had nothing to to with whatsoever. | After a period of seven or more years in which Credit Suisse seemingly was drawn to every financial catastrophe going, like a moth to a candle — events such as its spying on its own executives, Malachite, [[Archegos]], [[Greensill]], Evergrande, [[Covid-19]], [[1MDB]], [[tax]] evasion, lockdown breaches, serial [[KYC]] and [[money laundering]] breaches, Bulgarian drug trafficking, a $500 million insurance fraud on the Georgian prime minister, $850m Mozambique tuna bonds fraud, and diverse sanction breaches — things looked like they were reaching an end-game in 2023 following the failure of the [[Silicon Valley Bank]] and a sudden market-wide loss of confidence in the Swiss lender. The irony being that [[SVB]] was the first major financial scandal in a decade that old “Lucky” the one-eyed dog had nothing to to with whatsoever. | ||