One of the oldest financial institutions in the world, Credit Suisse has a turnover of $22.65 billion, and is the second-largest bank within the Swiss banking system. It provides a wide range of financial services through its two main private and investment banking divisions.
The banking giant has recently come into the spotlight after a massive plummeting of stock value as a consequence of investing in broken hedge funds, as well as its top management facing allegations of being involved in scandals and irregular international banking practices.
Concerns are being raised about the overall stability of the firm and a number of analysts now point to the sequence of events being similar to the Lehman Brothers collapse of 2008, fearing the beginning of another global financial recession….