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Credit Suisse’s Woes May Set Stage for Regulators to Repeat Mistakes of 2008, Experts Say

Credit Suisse’s Woes May Set Stage for Regulators to Repeat Mistakes of 2008, Experts Say
The logo of Swiss bank Credit Suisse is seen at a branch office in Zurich, Switzerland, on Nov, 3, 2021. Arnd WIegmann/File Photo/Reuters
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News Analysis

Distressed bank Credit Suisse, whose financial troubles and uncertain future have dominated headlines in recent days, may see its woes deepen in weeks to come as growing numbers of executives leave the bank, potentially triggering a scenario where regulators will step in and apply heavy-handed bailout measures similar to those adapted in the 2008 financial crisis, economic experts have told The Epoch Times.

Michael Washburn
Michael Washburn
Reporter
Michael Washburn is a New York-based reporter who covers U.S. and China-related topics for The Epoch Times. He has a background in legal and financial journalism, and also writes about arts and culture. Additionally, he is the host of the weekly podcast Reading the Globe. His books include “The Uprooted and Other Stories,” “When We're Grownups,” and “Stranger, Stranger.”
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