How Rapid Rate Rises Put Banks in Peril
For the first time since the GFC, the fragility of the global banking system has come into question as the 16th largest bank in the US collapsed, and one of Europe’s premier investment banks, Credit Suisse, sought rescue from the Swisse National Bank.
How is it that a bank with a 166-year history, managing $1.6 trillion only a year ago, rapidly came crashing down?