Episode description

After the collapse of Silicon Valley Bank, markets were anxious, and the prestigious, yet scandal-ridden Credit Suisse looked as if it could be next to fall. But over the span of a single weekend, the Swiss government and Credit Suisse’s crosstown rival, UBS, raced against the clock to avert disaster. The FT’s banking editor Stephen Morris provides a front row look at how the deal came together.

Clips from Bloomberg, CNBC, BBC

- - - - - - - - - - - - - - - - - - - - - - - - - - 

For further reading:

How the Swiss ‘trinity’ forced UBS to save Credit Suisse 

Credit Suisse: the rise and fall of the bank that built modern Switzerland 

Saudi National Bank chair resigns following Credit Suisse comments

And further listening:

Behind the Money's December 2022 episode, Credit Suisse's last chance

- - - - - - - - - - - - - - - - - - - - - - - - - - 

On Twitter, follow Stephen Morris (@sjhmorris) and Michela Tindera (@mtindera07)

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.