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Credit Suisse's scandals, challenges: Spies, lies, and money laundering

Already wobbling under pressure from a declining stock price, the bank in October saw its credit default swaps surge to the highest level in two decades

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A logo is pictured on the Credit Suisse bank in Geneva, Switzerland (Photo: Reuters)

Reuters
Credit Suisse is in the throes of one of the biggest challenges in its history, hurt by a slump in stock price and the worsening of a key gauge of its credit risk ahead of a planned revamp.

The bank is battling market scepticism about its financial health after a string of scandals, months after it was found guilty by Switzerland's Federal Criminal Court of failing to prevent money laundering in the country's first criminal trial of one of its major banks.

Here are the main crises the bank has faced in recent years:

CREDIT DEFAULT SWAP SPIKE

Already wobbling

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