Pan Macmillan banks in depth Credit Suisse exposé
Pan Macmillan has acquired a deep dive, behind the scenes narrative account of the history and final decades of the doomed int ernational banking giant, Credit Suisse, which folded in March 2023 Ause Abdelhaq, Editor, will publish Meltdown Scandal Sleaze and the Collapse of Credit Suisse in Hardback, Trade Paperback, eBook and Audio on November 7th 2024.
Credit Suisse was a 166 year old bastion of Swiss banking amongst the most important and influential financial institutions in the world but a veneer of high class service disguised a darker, dirtier reality. From its sterile Zurich headquarters, the bank catered to a clientele that included dictators and drug dealers, former Nazi officers and international fugitives, and helped fleece its own clients out of billions of dollars. This continued for decades, even as Credit Suisse continued to expand, acquiring smaller banks and granting its own executives lucrative bonus contracts.
Credit Suisse was a 166 year old bastion of Swiss banking amongst the most important and influential financial institutions in the world but a veneer of high class service disguised a darker, dirtier reality. From its sterile Zurich headquarters, the bank catered to a clientele that included dictators and drug dealers, former Nazi officers and international fugitives, and helped fleece its own clients out of billions of dollars. This continued for decades, even as Credit Suisse continued to expand, acquiring smaller banks and granting its own executives lucrative bonus contracts.
Meltdown is the story of how the house of cards fell apart. Veteran journalist and bestselling author Duncan Mavin takes readers inside the bank’s hushed marble corridors detailing its turbulent history, its secretive culture and the series of increasingly selfish decisions, made by a handful of men at the top, which ultimately led to disaster. For readers of Tom Burgis, Patrick Radden Keefe and John Carreyrou, this is a sweeping business narrative full of corporate espionage, personal greed and deadly fraud.
Ause Abdelhaq said 'Meltdown is one of the most enlightening business books I’ve ever worked on Credit Suisse’s story is a shocking one straight out of a Hollywood script full of drama, intrigue, twists and turns but more than that, it’s an allegory for a corrupt financial services sector which forces you to fundamentally question our banks the protections we offer them, and the fragility of our global economy.’
Duncan Mavin said 'After Pyramid of Lies I wanted to write a book which ostensibly seemed to be about a specific scandal, but was in reality emblematic of a bigger, higher stakes story. I was wracking my brain for months to find the perfect fit and then Credit Suisse collapsed. I started to dig; I couldn’t have imagined the saga I’d uncover. I’m beyond excited to share it with my readers.'
Duncan Mavin is a seasoned international financial journalist, having started his career as a chartered accountant in the City and in Toronto. He is an editor for Bloomberg News, and he has previously worked as an editor and reporter for The Wall Street Journal¸ The Washington Post, Barron’s and Canada’s National Post. He is the bestselling author of ‘Britain’s version of Bad Blood, the Lex Greensill exposé Pyramid of Lies. Duncan lives with his family in the UK, and is a long-suffering fan of Sunderland football club.