03/20/23, The Indicator (09:29)
Link: https://www.npr.org/2023/03/20/1164823375/the-demise-of-credit-suisse
Summary: Another chapter in the Banking Turmoil of 2023– the end of Credit Suisse, a long-standing Swiss banking institution. The Indicator recaps how it got to the end of a road full of bad bets, unprofitable lending and scandal. We also hear about the discomfort in markets in the aftermath of the UBS-Credit Suisse merger down due to the write-down of “CoCo” bonds We seized this opportunity to create a quick, refresher (or even intro!) exercise on capital structure.
audioecon 