LONDON — Credit Suisse, a behemoth of European banking with assets stretching across the globe, is experiencing turbulence.
What to know about the Credit Suisse crisis and its global impact
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.