Whale Hunting
Oct 30, 2024
How did Credit Suisse become the most scandal-ridden bank of all time?
Swiss banking has long been synonymous with secrecy, a harbinger of two things in the financial world: opportunity and risk. And Credit Suisse struggled to handle this balancing act for years, leading to its spectacular implosion in 2023. Switzerland’s second largest bank had long been unscrupulous about housing ill-gotten wealth. Its bankers looked after Nazi loot and did business with “kings of kickbacks,” even collapsing the economy of Mozambique and employing private investigators to spy on its own employees. Joining us on this week’s Whale Hunting is investigative reporter Duncan Mavin, who sits down with…
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