2023 Banking Crisis - What is Happening at Credit Suisse?

The Credit Suisse situation is an interesting one, with the Swiss government offering a sizeable loan of £44bn from the Swiss central bank. So are we on the brink of a financial crisis? Definitely one for economics students who cover financial stuff to keep on top of!

Commentators think not - despite a series of setbacks - although one or two people are worried about the prospects of contagion. This BBC clip gives some of the background, but spare a thought for the poor executives, who've trousered millions in salaries whilst presiding over this. Another example of why executive pay is so absurd.