From Ferdinand Marcos To Russian Oligarchs, Troubled Credit Suisse Is A Flagrant Recidivist

What happens when you repeatedly let cocaine dealers, crooks, and kleptocrats use your bank? The Swiss National Bank approves you for a loan up to 50 billion francs ($54 billion). Credit Suisse demonstrated yet again the advantage of being a globally systemically important bank (G-SIB). Central banks, bank regulators and treasuries rescue big banks for fear of the havoc that Too Big Too Fail (TBTF) banks can cause around the globe.

History of Recidivism