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https://www.ifre.com/story/3816115/should-have-known-better-the-write-down-of-credit-suisse-at1s-qx9xp6lznd https://www.ifre.com/story/3816115/should-have-known
by kgwgk 4y ago
https://www.ifre.com/story/3816115/should-have-known-better-the-write-down-of-credit-suisse-at1s-qx9xp6lznd https://www.ifre.com/story/3816115/should-have-known-better-...
“There has also been some confusion about solvency being equal to viability. Viability is about the ability to operate viably and independently without any form of extraordinary state support, whereas solvency is merely the ability to pay debts as they fall due. So, one can be non-viable at one point, and still be solvent at that point, which may have been the case for Credit Suisse. Viability asks will the bank last on its own, and solvency asks can they pay their debts.”