Current:Home > BackThe demise of Credit Suisse-DB Wealth Institute B2 Expert Reviews
The demise of Credit Suisse
View Date:2024-12-23 15:41:19
Switzerland has long been a preferred place for the world's wealthy to stash their cash. But, one of the country's biggest and oldest banks, Credit Suisse, collapsed over the weekend, forcing the Swiss government to broker a deal that saw rival UBS buy the bank for $3.2 billion.
Today on the show: we chat with Alice Fulwood, Wall Street correspondent for The Economist, about how this global financial giant grew, survived scandals and bad bets, and why it finally fell. Also: why Credit Suisse had an emergency plan—but didn't use it.
Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood! (6929)
Related
- This is Your Sign To Share this Luxury Gift Guide With Your Partner *Hint* *Hint
- New indoor EV charging station in San Francisco offers a glimpse into the future
- Super Bowl food deals: Get specials on wings, pizza and more at Hooters, Little Caesars
- Natalia Bryant's Advice on Taking Risks Is the Pep Talk You Need
- J.Crew Outlet Quietly Drops Their Black Friday Deals - Save Up to 70% off Everything, Styles Start at $12
- Georgia legislators want filmmakers to do more than show a peach to earn state tax credits
- 'But why?' Social media reacts to customers wearing Apple Vision Pro goggles in public
- Alyssa Milano's GoFundMe post made people furious. Was the anger misplaced?
- Horoscopes Today, November 11, 2024
- Police who ticketed an attorney for shouting at an officer are going to trial
Ranking
- Caitlin Clark's gold Nike golf shoes turn heads at The Annika LPGA pro-am
- Beyoncé announces new haircare line Cécred
- Jury Finds Michigan Mom Guilty of Involuntary Manslaughter in Connection to Son’s School Shooting
- Chiefs' receivers pushed past brutal errors to help guide Super Bowl return
- Hurricane-stricken Tampa Bay Rays to play 2025 season at Yankees’ spring training field in Tampa
- Disney to invest $1.5 billion in ‘Fortnite’ maker Epic Games to create games, entertainment
- Minnesota and Eli Lilly settle insulin price-gouging lawsuit. Deal will hold costs to $35 a month
- 33 people arrested after Gaza-related protest in suburban Chicago
Recommendation
-
World War II veteran reflects on life as he turns 100
-
Erection shockwave therapy may help with erectile dysfunction, but it's shrouded in shame
-
Santa Anita postpones Friday’s card in wake of historic rains in Southern California
-
Snoop Dogg sues Walmart and Post, claiming they sabotaged cereal brands
-
Two 'incredibly rare' sea serpents seen in Southern California waters months apart
-
King Charles III's cancer, Prince Harry and when family crises bring people together
-
Alabama lawmakers push sweeping gambling bill that would allow lottery and casinos
-
FBI contractor charged with stealing car containing gun magazine from FBI headquarters