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IPFS News Link • Economy - Economics USA

Will The Collapse Of Credit Suisse Be Europe's "Lehman Brothers Moment"?

•, by Michael

14 years ago, the collapse of Lehman Brothers sent a massive wave of panic through global financial markets and is widely considered to be the key event that plunged us into a horrifying financial crisis that we still talk about to this day.  Well, now an even larger bank appears to be on the brink of collapse, and analysts all over the world are deeply concerned about what that will mean for the global financial system if it does fail.

Right now, Credit Suisse is one of the most important banks in the entire world.  If you are not familiar with Credit Suisse, the following is some good background information that comes from Wikipedia

Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland.