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According to Swiss news the primary issue with CS is a reputation problem and not a liquidity problem. Worst case the SNB will provide liquidity. There has bee
by sschueller 4y ago
According to Swiss news the primary issue with CS is a reputation problem and not a liquidity problem. Worst case the SNB will provide liquidity.
There has been a lot of turmoil last year at CS but the Saudies which own 10% did say they are happy with the new approach the bank is taking since last year.
Also CS is considered to big to fail and has to follow some very strict Swiss rules that were put in place 2008. FINMA believes the bank is stable.