I keep finding information online about how Credit Suisse was in "trouble" for over a decade, and how CS investment bank was the main problem. What is/was so toxic about their investment bank? What was the cause of all of the concern? As far as I can tell, it had nothing to do with interest rate risk/the causes of the U.S. commercial bank failures.
| +460 | Don’t work at UBS - UBS Sucks | 45 | 13m |
| +330 | Article - UBS’ Investment Bank Keeps Losing Ground | 43 | 1d |
| +219 | Should My Intern Get a Return Offer? | 59 | 1d |
| +62 | Getting Laid in IB? | 28 | 1d |
| +56 | F*ck it I'm Going to Med School | 19 | 3d |
| +54 | Intern keeps sleeping at work - what to tell them | 26 | 1h |
| +51 | Living in greenwich as an analyst? | 10 | 11h |
| +47 | Incompetent and annoying co-intern | 20 | 2h |
| +33 | Nauseous every morning for past 3 years in IB, anyone else? | 22 | 2h |
| +33 | Quick Thoughts on CVC AI Sale Process | 5 | 3h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
It wasnt really the “IB” that we call on this website, which would be the advisory arm, that caused the issues. Yes there were couple bad deals like citrix, but it was mostly their lack of discipline and risk management in other divisions like prime brokerage that caused the bill hwang debacle. Ive seen that the firm as a whole was lacking discipline in that regard as well and had problems picking right leadership in the recent years to manage the continued mishaps
plus i think its a reach to say that recent happenings had no connection to cs blowing up — recent bank runs and economic downturns were just the final dagger. The bank might have still been intact without those
Yes but Archegos blew up in 2021, what happened in 2023 that caused CS's problems to worsen?
to CS's fairness, they just got caught and got fucked at the wrong time with all the fear and uncertainty in the market. their restructuring efforts prior to UBS deal looked promising, at least to me, but it just didn't have time to see it come to fruition.
Et autem et fugit sint autem ullam. Id provident eveniet ad fugiat suscipit.
Reiciendis vel cupiditate non illo voluptas dolore nihil omnis. Quia animi fuga quidem pariatur quia consequatur consequatur. Qui itaque dolorem similique excepturi voluptatum et. Et aut et quisquam minus. Nulla voluptatem tenetur assumenda rerum reiciendis odio asperiores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...