March 29, 2023 15:49 (IST)
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Karnataka elections to be held on May 10 | Mamata Banerjee in dharna against Centre, Opposition too on streets in Kolkata | Stop calling yourself crusader of 'anti-corruption': Congress chief Mallikarjun Kharge to PM Modi | 'Corrupts coming together on one stage': PM Modi targets opposition unity over Rahul Gandhi's disqualification | National Press Club condemns attack on Indian journo Lalit Jha covering Khalistani protest outside embassy in Washington DC

Losses, mismanagement, failed strategies; how Credit Suisse reached crisis point

The crisis in Credit Suisse had been brewing since 2021, but the Swiss lender rattled investors on Tuesday by revealing that it had discovered "material weaknesses" in its 2021 and 2022 financial reports. On Wednesday, its stocks tumbled to an all-time low, stoking concerns over the overall heath of the banking sector, especially after the collapse of two banks in the U.S.