Credit Suisse a bank which 'should be too big to fail'

Ross Greenwood says there was a “bit of panic in the air” last night after shares of Credit Suisse plunged by more than 20 per cent.
“This is what’s known as a global systemically important bank – in other words, a bank that should be too big to fail," Mr Greenwood told Sharri Markson.
“If it were to go broke, then it could have a knock-on impact on other banks.
“And that’s the reason why the national bank of Switzerland stepped in, and effectively underwrote this bank by giving it access to capital.”