The Money Laundering That Caused Credit Suisse To Collapse - Bank Failure Explained

Описание к видео The Money Laundering That Caused Credit Suisse To Collapse - Bank Failure Explained

Credit Suisse is gone! But how did Credit Suisse get here? It’s nothing like what happened to Silicon Valley Bank which failed because it had terrible risk management, or Signature and Silvergate which also had a large exposure to crypto. No, Credit Suisse’s problem goes back almost squarely to money laundering. For decades it was known as the bank that people went to hide their money; and finally that reputation caught up to it. Let me give you a background to the money laundering that went on at credit Suisse and just how crazy it was.

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