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Credit Suisse was a bit special. In the words of someone who's worked at several of the large banks there, "Credit Suisse was always a bit more more aggressive
by Arnt 4y ago
Credit Suisse was a bit special. In the words of someone who's worked at several of the large banks there, "Credit Suisse was always a bit more more aggressive about risks".
If you mean whether the panic will move on to the next bank with a similar reputation, then…
- kreeben 4y ago>> was always a bit more more aggressive about risks Isn't there always a handful of banks that are like that and isn't there always a handful of other banks that are invested? And isn't there always another set of banks that are invested in them? But is there really no chance of a devastating, cascading event? Should we really not panic? The only thing that holds banking together, is it that we don't panic? Because if so, then...
- mardifoufs 4y agoMaybe, but credit suisse was a mess even back in the "good days", since at least 2018. They went from blunder to blunder, even when other banks were doing just fine. The only other bank I can think of that has struggled as much is probably Deutsche Bank. In comparison, most other banks are very well capitalized even in the current situation.
- somewhereoutth 4y agoI learned a new (financial) word thanks to all this: idiosyncratic - CS's case is particularly idiosyncratic, apparently.