Why is Credit Suisse in trouble? Banking turmoil explained

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Tensions in the US system jumped across the Atlantic this week, sparking turmoil for the beleaguered Swiss bank Suisse,

The European lender has been beset by issues for a long time. But on Wednesday the problem of the bank came in front of everyone. After a stormy 24 hours of a dramatic drop in the bank's stock price and concerns of financial contagion,

said it would borrow cash from the Swiss Central Bank to shore up its liquidity. On Saturday, Credit Suisse's big rival, Ag, was in talks to take over all or part of the bank.

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