Anatomy of a failure: Credit Suisse, PwC, and KPMG, too

When Switzerland's Credit Suisse went down in flames over the weekend of March 18-19, 2023, few were thinking about its auditors. Except me.

Axios' Felix Salmon wrote on Monday morning March 20 that Credit Suisse had failed, "or at least it would have, were it not too big to fail. Instead, Switzerland's banking regulators cobbled together an emergency solution that leaves nobody happy — but at least prevents a catastrophe for the global financial system."

Switzerland's other big bank, UBS, wa…