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Fortune

Luisa Beltran

When Credit Suisse ruled the IPO game

Credit Suisse IPO Fortune Sheryl Estrada Silicon Valley CFO Daily Morgan Stanley Netscape UBS

The logo of Swiss bank Credit Suisse is seen the day after its shares dropped approximately 30%, on March 16, 2023 at its Oerlikon office building in Zurich, Switzerland. (Credit: Arnd Wiegmann—Getty Images)

Good morning. Luisa Beltran, finance reporter at Fortune, filling in for Sheryl.

When news first broke last year that distressed Credit Suisse would be scooped up by UBS, my immediate reaction was: What a long, strange fall from grace. It struck me particularly hard because I covered the firm (then CSFB) when the company was the envy of Wall Street.

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