One of the largest Swiss bank in the world is in trouble and fighting for its survival.
Credit Suisse had a market capitalization of more than $20 billion in the past few years but today, its market value remains only $10 billion.
The shares of Credit Swiss bank have drastically fallen 56.2% in one year to $3.98
This might happen because the bank has not yet renewed the contracts of certain contractors.
Credit Suisse bank offers traditional services mainly in Switzerland but the organization is known globally for its other financial activities.
The scandal of the bankruptcy of Greensill was founded. Credit Suisse invested $10 billion of its clients in Greensill products which then filed for bankruptcy in March 2021