published in the Financial Times
by Sam Jones in Zurich on March 20 2023

For most people in Switzerland, the news that Credit Suisse was to be saved from collapse by local rival UBS was met with stunned disbelief.

Even the financially tuned denizens of Paradeplatz, Zurich’s banking centre, had happily gone into the weekend with no clue that the lender — regarded as a national institution — was facing an existential crisis, regardless of its recent painful travails.

Full article: Financial Times