Skip to content

On the precipice: How Credit Suisse's day of drama unfolded

Credit Suisse's shares fell more than a fifth after largest investor, Saudi National Bank, said it could not give it more money. Investors worried Credit Suisse's problems could ripple through global markets. Swiss regulators threw Credit Suisse a financial lifeline to calm markets.

  • Credit Suisse's shares fell more than a fifth after largest investor, Saudi National Bank, said it could not give it more money.
  • Credit Suisse has been weakened by a series of scandals and the failure of two U.S. banks.
  • Investors worried Credit Suisse's problems could ripple through global markets.
  • Regulators watched the stock fall with concern while rivals and clients scanned their books to see what exposure they had to the bank.
  • Swiss regulators threw Credit Suisse a financial lifeline to calm markets.
On the precipice: How Credit Suisse's day of drama unfolded
On March 16, 2008, Bear Stearns was forced into the arms of JPMorgan Chase & Co in a dramatic weekend rescue after Wall Street turned on the investment bank, fearing it would collapse.

Latest