From spying to Swiss bailout: How years of turbulence at Credit Suisse came to a head

Credit Suisse received a liquidity lifeline from the Swiss National Bank after its share price plunged to an all-time low.

The troubled bank's stock has been in persistent decline since the crisis, against the backdrop of investment banking underperformance and a litany of scandals and risk management failures.

Current CEO Ulrich Koerner took over from Thomas Gottstein in July, as poor investment bank performance and litigation provisions continued to hammer earnings.

Credit Suisse forced to delay its 2022 annual report after a late call from the U.S. Securities and Exchange Commission.

Saudi National Bank said it was not able to provide any more cash to the company due to regulatory restrictions.

Shares dived 24% to an all-time low on Wednesday, despite SNB clarifying that it still believed in the project.