Why Credit Suisse Was a Magnet for Scandals | Voternomics

In 2023, Credit Suisse collapsed, shaking the foundations of the global banking establishment. But for onlookers who were aware of the lender’s numerous afflictions, it’s sudden demise was no surprise at all. From one perspective, the bank’s succession of scandals arguably started as early as its founding some 167 years ago.

One of those observers who saw it coming was Bloomberg editor Duncan Mavin, author of Meltdown: Greed, Scandal, and the Collapse of Credit Suisse. Mavin has covered banking malfeasance for more than a decade, which in Europe necessarily involved Credit Suisse on an almost regular basis. In this episode of In The City, Mavin sits down with hosts Francine Lacqua and David Merritt to discuss his book and some of the lesser-known crises at the Swiss bank that led to its downfall.

See omnystudio.com/listener () for privacy information.

Listen to more Voternomics

Subscribe to Bloomberg Podcasts

Stephanie is back with a new podcast series. This is the year of elections. Around 40 percent of the world has the chance to vote in 2024. And those votes will shape the geo-economic landscape for years to come. The implications for business and democracy are huge and worth exploring, which is why Stephanie is joining Opinion columnist Adrian Wooldridge and Bloomberg contributor and former government advisor Allegra Stratton for a new series called “Voternomics.” It’s a weekly look at the way geopolitics - and elections - are upending the longstanding assumptions of policymakers and business people around the world. In short, it’s a series about how elections mean business.

Follow Bloomberg Podcasts on Twitter

Visit our other YouTube channels:

Bloomberg Television

Bloomberg Originals

For coverage on news, markets and more

#economy #politics #business #podcast