Why is Credit Suisse in trouble? Banking turmoil explained

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Tensions the US banking system jumped across the Atlantic this week, sparking turmoil for the beleaguered Swiss bank credit Suisse,

The European lender has been beset by issues for a long time. But on Wednesday the problem of the came front of everyone. After a stormy 24 hours of a dramatic drop in the bank’s stock price and concerns of financial contagion,

Credit Suisse said it would borrow cash from the Swiss Central to shore up its liquidity. On Saturday, Credit Suisse’s big rival, group Ag, was talks to take over all or part of the bank.

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