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Indeed - Credit Suisse isn't a retail bank (outside Switzerland), they're an investment bank so they're completely different and shouldn't be lumped in with the
by arcticbull 4y ago
Indeed - Credit Suisse isn't a retail bank (outside Switzerland), they're an investment bank so they're completely different and shouldn't be lumped in with the other 3. Two small crypto institutions and SVB. [edit] Not to mention Credit Suisse was holding $5B dollars of losses from Bill Hwang's Archegos shenanigans.
- bogomipz 4y agoNone of SVB, First Republic or Signature were retail banks either they were commercial banks. Regardless nowhere have I seen it reported that the current sequence of events is somehow a "retail banking crisis". It's amusing that you feel an investment bank somehow shouldn't be included in a discussion about a potential banking crisis. You might want to read up on the 2008 financial crisis and shadow banking. Bear Stearns and AIG weren't banks at all.
- deleted 4y ago[deleted]