“Credit Suisse was not very careful”

“Credit Suisse was not very careful”
“Credit Suisse was not very careful”

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“Credit Suisse was not very careful”

“Credit Suisse was not very careful”

01.04.2021In quick succession, two cases explode in the face of the big banks. Dusan Isakov’s analysis

Yves Genier

Financial turmoil ”In less than a month, Credit Suisse was surprised by the debacles of Greensill in London and Archegos in New York, which risked losing billions of francs to it and its large clients. Other international banks are badly taken, such as the Japanese Nomura. Why such simultaneity? Dusan Isakov, professor of finance at the University of Friborg, analyzes these explosions.

Are these isolated accidents, or are they of a systemic nature?

Dusan Isakov: Many details still escape us. The Greensill and Archegos cases are different and Credit Suisse was unlucky. They point out that there is a problem in this bank, mainly in terms of risk control. She may be less observant than others when it comes to reviewing certain cases.

Other banks have also suffered losses in this business …

The source of these dif

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