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It’s a source of pride for the Swiss, and hence Swiss government won’t let it fail no matter how poorly it’s managed.
by nxm 4y ago
It’s a source of pride for the Swiss, and hence Swiss government won’t let it fail no matter how poorly it’s managed.
- tdrz 4y agoSo true, I just wonder how will they package it for the voters.
- microtherion 4y agoThere may be Swiss people proud of Swiss banking as an abstract concept, but I'd be surprised if much of that extended to Credit Suisse in particular as a concrete bank. Given that the overall economy is quite good, there might be a certain appetite even in business friendly circles to let a badly run bank fail pour encourager les autres, but its size would make such a failure fairly difficult to handle.
- sschueller 4y agoI don't think so. Maybe some banks but not CS and not UBS. In fact you may as well rename "Credit Suisse" to "Credit Saud" at this point.[1] [1] https://www.swissinfo.ch/eng/business/-just-another-cheque---saudi-national-bank-s-move-into-credit-suisse/48130728 https://www.swissinfo.ch/eng/business/-just-another-cheque--...