A reversal of low rates to stem rampant inflation has forced a risk rethink and exposed the vulnerability of firms such as Credit Suisse.
Meanwhile, Credit Suisse still needs to push ahead with a radical restructuring it undertook in October to restore profitability.
[1/2] The Credit Suisse logo adorns one of their buildings at their campus in Research Triangle Park in Morrisville, North Carolina, U.S., March 15, 2023.
"Credit Suisse has been in our watch-list for a while," one senior executive told Reuters.
The radical move by the Swiss central bank is aimed at banishing such doubts.