Markets Magazine

Credit Suisse’s Future Hinges on Overcoming a Fraught Past

How a bastion of Swiss banking lost its way.

Credit Suisse HP — Photo illustration: Jillian Adel for *Bloomberg Markets;* Photos: Bloomberg (3); Shutterstock (1)

By Marion Halftermeyer, Myriam Balezou, Hugo Miller, and Donal Griffin

November 22, 2022 at 5:00 AM UTC

Updated on

March 15, 2023 at 12:47 PM UTC

This article is part of the December 1, 2022 issue of Markets.

(This story was originally published Nov. 22, 2022. On Wednesday, Credit Suisse shares plunged after its top shareholder ruled out investing any more in the Swiss bank.)

For more than 160 years, Credit Suisse Group AG’s stone-clad headquarters on Zurich’s moneyed Paradeplatz has exuded power, stability and quiet wealth. Those days are over.

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

Before it's here, it's on the Bloomberg Terminal

LEARN MORE