Credit Suisse collapse likely to tarnish Switzerland’s reputation as a safe place to invest

The shocking demise of Credit Suisse may well sully Switzerland’s banking reputation for years, possibly decades, to come. Earlier this week, Swiss President Alain Berset went so far as to say that an “uncontrolled collapse” of one of the country’s biggest and oldest banks would lead to “incalculable consequences” for the country and the international financial system.