The 167-year-old Credit Suisse Bank, one of the largest banks in Switzerland, is going to close. The bank will be merged with UBS. Axel Lehman, the chairman of Credit Suisse caught in the economic crisis, became emotional while apologizing to the shareholders. He said SORRY time was short, could not save! Lehman further said that the circumstances and various influencing factors of Credit Suisse’s decline could no longer be changed.
