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It isn't worthless, it has 13% liquidity unlike for example Lehman Brothers in 2008 which had less than 3%. Biggest issues is the trust which is gone. CS has ac
by sschueller 4y ago
It isn't worthless, it has 13% liquidity unlike for example Lehman Brothers in 2008 which had less than 3%. Biggest issues is the trust which is gone. CS has actually been on a turn around since last year. New leadership and new goal including significantly reducing investment banking.
- NomDePlum 4y agoIs anyone else likely to buy them, or can they continue to operate if not nationalised? Losing trust as a financial institution is, and probably should be fatal, if it justified.