4.4 • 350 Ratings
🗓️ 7 December 2022
⏱️ 21 minutes
🧾️ Download transcript
At one time, Credit Suisse was considered to be among the most respected banks in Europe. The FT’s European banking correspondent Owen Walker explains how the Swiss bank is trying to make a comeback after years of scandal and losses — and what might happen if it fails.
Clips from CNBC, DW News, Reuters
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For further reading:
Credit Suisse chair says outflows have reversed since ‘social media storm’
‘Radical surgery’: Will Credit Suisse’s gamble pay off?
Credit Suisse turns to ‘Uli the knife’ to cut bank loose from scandal
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On Twitter, follow Owen Walker (@OwenWalker0) and Michela Tindera (@mtindera07)
Read a transcript of this episode on FT.com
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0:32.2 | Earlier this fall, the F.T.'s Owen Walker was spending his Saturday afternoon sitting in the parking lot of a tile showroom. |
0:40.0 | My kids were asleep in the back of the car and my wife was buying some tiles. |
0:44.0 | Owen's the FT's European Banking Correspondent. |
0:48.0 | So that means that even while he's out on a weekend errand, |
0:52.0 | he's keeping a close eye on the major banks |
0:54.6 | across the continent in places like France, Spain, |
0:58.4 | and Switzerland. |
1:00.2 | So I was just sort of idly flicking through my phone on Twitter. |
1:03.0 | I saw a tweet that came up by an Australian journalist word for word. |
... |
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