What to know about the Credit Suisse crisis and its global impact

What to know about Credit Suisse crisis, Swiss National Bank loan offer - The Washington Post
LONDON — Credit Suisse, a behemoth of European banking with assets stretching across the globe, is experiencing turbulence. Credit Suisse’s troubles come in the wake of Silicon Valley Bank’s collapse less than a week ago. SVB’s failure, for many people, appeared to come out of nowhere. Two banking crises, just days apart, on two different continents, sparked concern over whether there could be a broader contagion that mirrored the global financial crisis of 2008. Here’s what you need to know.