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CS probably goes bust as everyone pulls their money out, and has to sell all of their assets at fire sale prices. If they lose more than their capital buffer th
by fancyfredbot 4y ago
CS probably goes bust as everyone pulls their money out, and has to sell all of their assets at fire sale prices. If they lose more than their capital buffer then people may not get their money back. That then has knock on effects which are harder to predict but might include other small banks with exposure to CS (and in the worst case, even other large banks).