Really seeing the deeper limits of high finance, though, requires attention to the relationship between speculation and crisis. Entities like Suisse and Deutsche that try to “break in” to mergers advisory and the like will tend to engage in riskier deals, even at similar levels of competence, leading almost inevitably to blowups like those of hedge fund Archegos and financial services firm Greensill.
Is Credit Suisse a Canary in the Financial Industry Coal Mine?
