Credit Suisse's analysis of the current situation: the impoverished bank took another huge hit after the collapse of…

Credis Suisse has been dealt with a lot recently. It found itself in trouble and seemed to be teetering on a really thin edge. But the collapse of SVB has now given it a hard blow to the solar. Could this situation put them down once and for all?

Once upon a time, the address of Switzerland's second-largest bank was where the world's richest families went to protect and grow their vast fortunes. But the more than 160-year-old Zurich-based bank has seen its fortunes evaporate in the past few years to the point where its survival is now very much in doubt. The wounds that have brought it to this point are almost entirely self-inflicted. The list of missteps is long. I can think of the ill-fated acquisition of First Boston Corp, which should have put Credit Suisse at the forefront of all its European competitors and become a major player in the US capital market; or the serious missteps it made in its private banking unit, which resulted in a loss of USD 1…