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In the News

2023 Banking Crisis - What is Happening at Credit Suisse?

Graham Watson

16th March 2023

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.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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