Template:Disaster roll - Credit Suisse

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Credit Suisse || Switzerland || Gradual decline into entropy with a 92% decline in share price since 2015. || Hubris, widespread incompetence, 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.

  1. except where the individual cockups were themselves criminal of course