UBS bails out Credit Suisse


Feb 2018: Patrice Lescaudron – former Credit Suisse banker – sentenced to five years in prison on charges of fraud and forgery

Mar 2021: British financial firm Greensill declares insolvency, Credit Suisse loses $10bn of clients' money

Apr: Collapse of U.S. hedge fund Archegos Capital, Credit Suisse loses $5.5bn


Credit Suisse market capitalisation ($ billions)

Apr 2007: $87.8bn

Feb 2009: $25.38bn
Credit Suisse survives global financial crisis without bailout

Dec 2009: $78.7bn

Dec 2012: $57.5bn

Jan 2018: $51.7bn

Feb 2021: $35.4bn

Mar 20 2023: $4.1bn

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Oct 2021: Credit Suisse is fined $475m by U.S. and UK regulators following Mozambique bribery scandal

Feb 2022: Media investigation alleges bank has had human rights abusers, dictators and criminals among its clients

Jun: Credit Suisse fined $2m in money laundering case linked to Bulgarian cocaine network

Oct 2022: Bank agrees to pay €238m to avoid prosecution in France over money laundering and tax fraud charges
        
Mar 15, 2023: Top shareholder Saudi National Bank sparks market panic, saying it will not invest more money in Credit Suisse
      
Mar 19: UBS agrees to buy Swiss rival in government-backed deal
for about $3.25bn
      

Sources: Bloomberg, Companies Market Cap, Financial Times, Reuters 
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