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The Great Crash: Greed, Scandal and the Collapse of Credit Suisse

(us) Duncan Marvin

157K0

The first insider account of the collapse of Credit Suisse, the story of the complete collapse of one of the world's largest, most influential and most scandalous banks. If "Bad Blood" exposed the worst side of Silicon Valley, then "The Big Crash" will fully reveal to us the mysterious and dirty world of Swiss banking. Credit Suisse is Switzerland's largest private bank with a 167-year history and is known for its security, neutrality and absolute protection of customer privacy. However, beneath the beautiful veneer of high-end financial services, there are many dark, dirty, and previously undisclosed facts hidden. From its headquarters in Zurich, Credit Suisse managed money for dictators and drug traffickers, kept gold for Nazis and helped fraudsters defraud bank customers out of billions of dollars. Credit Suisse's top managers are mired in money laundering, aiding tax evasion and an internal "spygate" scandal. Yet scandal-plagued Credit Suisse has been "too big to fail" for a long time and is central to Switzerland's national identity. "The Big Crash" will reveal in detail what led to the collapse of Credit Suisse and how Swiss politicians and global financial giants worked to save its remains. The book is filled with shocking incidents, some even criminal. It tells a story about greed, pursuit and untold wealth. The story is filled with crooks, dictators, spies, and, most insistently and unethically, bankers.