Credit Suisse, a leading global financial services provider, has been at the center of a major scandal involving its relationship with Greensill Capital, a UK-based financial firm specializing in supply chain finance. This article examines what supply chain finance is,…
Credit Suisse, a renowned Swiss bank with operations in more than 50 countries and over 45,000 employees, has been embroiled in a number of scandals and controversies over the years. One such scandal involved the bank’s role in facilitating loans…
Credit Suisse, a leading Swiss bank, has recently been entangled in a scandal surrounding 1MDB, a Malaysian state-owned investment fund accused of misusing billions of dollars for personal and political gains. This blog post aims to delve into the details…
Who was Archegos Capital Management and what did they do to create the financial turmoil? Archegos Capital Management was a family office that managed the personal wealth of Bill Hwang, a former hedge fund manager and protégé of legendary investor…
The Merger and its Background In a historic announcement on Sunday, March 19, 2023, UBS agreed to acquire its rival Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and also assumed up to 5 billion francs ($5.4…
Introduction: The collapse of two large banks with significant exposure to the technology sector or to cryptocurrency, and the liquidation of another under financial distress, have triggered a series of negative consequences for the broader economy. The 2023 bank failures…
Introduction: The 2008 financial crisis was a pivotal moment in modern history that had a devastating impact on millions of people worldwide. It caused a global recession, a sovereign debt crisis in Europe, and a loss of confidence in the…
The recent collapse of three major banks in the United States has raised concerns about another global financial crisis similar to the one that occurred in 2007-2008. While there are some similarities between the two events, there are also significant…
The year 2023 has been a challenging one for the banking industry in the United States, as three major banks have failed or entered liquidation within a span of two weeks. The failure of these banks has sent shockwaves throughout…
The year 2023 has proven to be a challenging one for the banking industry in the United States, as three major banks have failed or entered liquidation due to their high exposure to the technology sector and cryptocurrency. These bank…