Credit Suisse caught up in Espírito Santo mess

Securities that Swiss bank helped put together played role in toppling Banco Espírito Santo

Monday 18 August 2014 at 14:51

Credit Suisse helped sell billions of dollars of securities that ultimately played a role in toppling Portugal's second-largest bank.

The Swiss bank was responsible for putting together securities that were issued by offshore investment vehicles and then sold to retail customers of Portugal's Banco Espírito Santo SA.