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EU banks are ok? Didn't Credite Suisse just go under and had to be forcedly saved by its main competitor?
by brabel 4y ago
EU banks are ok? Didn't Credite Suisse just go under and had to be forcedly saved by its main competitor?
- disgruntledphd2 4y agoYeah, I almost added CS to the original post, but their problems were relatively unique to them, rather than being an extreme case of a common problem, like regional banks in the US (who didn't need to hedge interest rate risk).
- the_mitsuhiko 4y agoCredite Suisse's problems predate the interest rate issues by years.
- School-Cotton 4y agoI have no idea about the substantive discussion, but just to point out: Switzerland is not in the EU.
- Maakuth 4y agoCredit Suisse is Swiss. Switzerland is not a member of EU and they don't use euro.
- brabel 4y agoI appreciate the correction but that probably doesn't change the point being made, as the economy of Switzerland is obviously closely tied to that of the EU (when I read EU I normally think Europe, not just European Union, which is my mistake, but in conversations like this I think "Europe" would be the better term after all).