Analysis of the Reasons for the Collapse of Credit Suisse and Its Implications for the Chinese Banking Industry

Abstract

Credit Suisse Bank is an international financial institution with a history of over a century. In March 2023, it announced a huge loss, and the Swiss federal government and regulatory authorities took multiple rescue measures to facilitate the acquisition of Credit Suisse by Credit Suisse Group, which effectively suppressed systemic financial risks and maintained stability in domestic and international financial markets. The main reasons for this event include the damage to their own credit, deepening operational difficulties, imbalance in asset-liability structure, increasing risks in international financial markets, and insufficient support from major shareholders, among other internal and external factors. This event has attracted market attention, and against the backdrop of turbulence in the global financial market, the Chinese banking industry can draw inspiration from this crisis, adapt to changing times, optimize development strategies, and strengthen their own capacity building.