How did Credit Suisse fail so fast? What can Indians learn from this Economic case study?

VIDEO INTRODUCTION:
Credit Suisse, the 167-year-old bank and the second-largest lender in Switzerland, is in deep trouble.
The bank said it would borrow up to 50 billion Swiss francs ($53.7 billion) from the Swiss National Bank, taking advantage of a lifeline late Wednesday after its stock crashed as much as 30%. It also said it would buy back some of its own debt.

Its struggles set off anxiety in Europe and across global markets, and what happens at Credit Suisse could impact the broader financial system.Why does Credit Suisse matter?
Credit suisse was one of the biggest banks in the world!! and as we all saw, Days after the collapse of two US banks, now credit suisse got into trouble!!!
and if you look at the magnitude of this disaster, it will blow your mind, This is what the share price of Credit Suisse looks like. Ever since their peak 16 years ago in 2007, credit suisse has lost 99% of its share price and while making this video it was howering around .86 swiss frac.
and mind you credit Suisse was not like SVB or signature bank, it was the second largest Swiss bank that at one point contained 1.3 trillion Swiss francs in deposits!! and inspite of it being taken over by UBS, even now there is a lot of panic in the market because we are looking at a banking crisis in not 1 but 2 of continents in the world!!
So this begs the question,
What led to the fall of Credit Suisse?
Where did the economics go wrong?
how will this affect the European economy?
and what are the study materials to help you understand this banking crisis better?
#ISRO#geopolitics#isroscientists #businesscasestudy#News #Trending News#Systam Update#US News