From the magazine

The rotten core of Credit Suisse

For scandal, sleaze, hubris and treachery, no financial institution has been a serial offender like the disgraced Swiss bank. Little wonder it was dubbed Credit Swizz or Debit Suisse

Lionel Barber
 getty images
EXPLORE THE ISSUE 14 December 2024
issue 14 December 2024

The tale of Credit Suisse ought to be Buddenbrooks on steroids. A staid Swiss lender enters marriage with a racy Wall Street investment bank and gives birth to a monster. Scandal follows scandal. CEOs come and go. In March 2023, the bank ends up being flogged to its arch rival UBS for a miserly $3 billion.

Inside Credit Suisse, the backstabbing and treachery were more suited to a medieval court

Duncan Mavin is well placed to tell this corporate horror story, having written a book about one of Credit Suisse’s most notorious clients, Lex Greensill, an Australian melon farmer turned fintech champion....

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