Concerns about Credit Suisse were amplified by a sudden crisis in UK bond markets late last month. Investors were taken by surprise after Prime Minister Liz Truss’ new government unveiled a package of unfunded tax cuts. That sparked a frenetic sell-off of government debt, backing pension funds into a corner and forcing the Bank of England to intervene to ensure financial stability.
https://www.cnn.com/2022/10/04/investing/credit-suisse-financial-risk/index.html
h/t Big Daddy D